We will talk technically:
The Japanese yen seemed stubborn in the past period, especially since last July, so all the currencies corresponding to it suffer a sharp decline in value, including the euro, which reports showed its weakness in the second quarter of this year.
The pair's arrival to its top this week suggests that we are still on the rise, although we have fallen slightly.
Our expectations are that the point 158,500 is very important, so if it is broken, we are heading to 159,600, which is a very high point, from which the drop will begin and the uptrend will end.
The Japanese yen seemed stubborn in the past period, especially since last July, so all the currencies corresponding to it suffer a sharp decline in value, including the euro, which reports showed its weakness in the second quarter of this year.
The pair's arrival to its top this week suggests that we are still on the rise, although we have fallen slightly.
Our expectations are that the point 158,500 is very important, so if it is broken, we are heading to 159,600, which is a very high point, from which the drop will begin and the uptrend will end.