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Forex: EUR/JPY reaches 3-year high

FXstreet.com (Córdoba) - The euro extended gains to a fresh 3-year high versus the yen as the Japanese currency continues to weaken on the back of BoJ easing measures announced last week to fight deflation.

EUR/JPY climbed nearly 100 pips on Wednesday and hit 130.49, its highest since January 2010 before easing a tad. At time of writing, EUR/JPY is trading around 130.30, recording a 0.6% gain since opening.

As for technical levels, the Mataf.net analyst team locates next resistances at 130.45, 131.00 and 132.5, while they see supports at 130.10, 129.80 and 129.30.

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