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EUR/JPY tests daily highs at 136.30

FXStreet (Córdoba) - The euro managed to erased losses against the yen and recovered ground, rising from 11-month lows.

During the Asian session EUR/JPY dropped to 135.53 hitting the lowest price since November 21, 2013. Then rebounded and rose back above 136.00; the recovery found resistance at 136.30.

EUR/JPY with bullish tone

After pulling back to 135.90, the pair rebounded and approached daily highs with the first minutes of the US session. Stocks were rising modestly in Wall Street.

The pair remains near daily highs as USD/JPY moves off session lows and as EUR/USD trades at daily highs, slightly below 1.2900.

EUR/USD not there… yet

The common currency is now looking to consolidate below the key 1.2700 handle, with EUR/USD gyrating around 1.2690/95...
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Credit Agricole: EUR/USD should strengthen this week - eFXnews

The eFXnews team remark that Credit Agricole went long EUR/USD with a target at 1.31.
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