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EUR/JPY rises briefly above 137.00

FXStreet (Córdoba) - The EUR/JPY spiked to fresh daily highs above 137.00 after the release of in line with expectations Eurozone inflation data.

Eurozone consumer price index rose 0.3% YoY in August, meeting expectations, while the core index grew 0.9% versus an increase of 0.8% forecasted by analysts.

The EUR/JPY rose briefly above the 137 mark and stretched to a high of 137.07 right after the data, only to dip back to the 137.85 area soon after. The pair is currently trading at 136.90, 0.35% above its opening price.

From a broader perspective, the EUR/JPY has moving with a bearish bias since peaking at 143.79 in early March.

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