EUR/JPY surge almost reaches 140.00

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Source: Dukascopy Bank SA


At midnight to Wednesday, the EUR/JPY currency pair hit resistance at 139.60/139.70. During the early hours of the day's trading, the currency rate had retreated to a support zone at 138.30/138.85.

In the case that the Euro resumes its surge against the Japanese Yen, the rate might once again encounter resistance at 139.60/139.70. Higher above, take into account the 140.00 and 140.50 levels.

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