The JPY has been for few months weakening in its exchange rates with other currencies. The most important data has been the interest rate differential between the JPY and other currencies.
With the EUR/JPY chart on a wider time scale, the appreciation of the EURO has seen the breakthrough of the Fibonacci 61.8 retracement level= EUR/JPY 141.32, with the latest values EUR/JPY 142. The uptrend in the EURO should continue up to EUR/JPY 149 for a 4.87%, with a possible test of the EUR/JPY 150 barrier.
With the EUR/JPY chart on a wider time scale, the appreciation of the EURO has seen the breakthrough of the Fibonacci 61.8 retracement level= EUR/JPY 141.32, with the latest values EUR/JPY 142. The uptrend in the EURO should continue up to EUR/JPY 149 for a 4.87%, with a possible test of the EUR/JPY 150 barrier.
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