EUR/JPY rises in the direction of 124,00

FXStreet The EUR/JPY is making a recovery attempt from yesterday’s losses, up to the 123,60 fall.

GBP/JPY is rising with risk appetite

The increasing risk aversion was on Wednesday the most important factor for gains in the safe haven of the JPY and the Pair fell to the 123,60, where the purchase of increased interest apparently.

Today, for the better risk sentiment, investors pull capital out of the Japanese currency and it comes to the current Squeeze to the top.

The GDP of Japan put in 1. Quarter by 0.5 % (quarter on quarter) and 2.2 % (yoy), causing the initial estimates to be exceeded.

From the Eurozone today , the minutes of the April ECB meeting and add to the talk by Y. Mersch, E. Nowotny, S. according to the rackets and President M. Draghi.

EUR/JPY relevant levels

Currently, the daily gain of 0.04% in the case of 123,73 and the next Resistances is at 124,41 (High-17. May), 125,83 (2017 High 16. May) and 126,50 (High 28. April 2016). On the other hand, supports are located at 123,59 (Deep 17. May), 123,26 (Deep 12. May) and 122,65 (20-day SMA).

** FXStreet News Editorial, FXStreet**

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