The cross advances further on a better mood in EUR. Favourable risk appetite trends bolster the up move. Brexit, US-China trade, keep driving the sentiment in markets. The continuation of the better mood around the single currency is now pushing EUR/JPY to fresh multi-day peaks in the 126.70 region. EUR/JPY now targets 127.50 The cross is prolonging its rally from monthly lows near 124.30 seen earlier in the month, up more than 2 cents already on the back of a renewed optimism in the riskier assets. The better mood in the risk-complex has been hurting the demand for the safe haven JPY, motivating the cross to shift its focus to the area of YTD peaks in the mid-127.00s (March 1). In the docket, the BoJ will release its minutes from the last meeting on Wednesday seconded by the EU Leaders Summit. Previously, the German/EMU ZEW survey is expected on Tuesday. EUR/JPY relevant levels At the moment the cross is gaining 0.28% at 126.58 facing the next up barrier at 126.62 (high Mar.18) seconded by 127.50 (2019 high Mar.1) and finally 128.00 (200-day SMA). On the other hand, a breach of 125.91 (21-day SMA) would aim for 124.27 (low Mar.8) and then 123.39 (low Jan.15). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Deutsche Bank: No change in policy coming from Fed in March FX Street 4 years The cross advances further on a better mood in EUR. Favourable risk appetite trends bolster the up move. Brexit, US-China trade, keep driving the sentiment in markets. The continuation of the better mood around the single currency is now pushing EUR/JPY to fresh multi-day peaks in the 126.70 region. EUR/JPY now targets 127.50 The cross is prolonging its rally from monthly lows near 124.30 seen earlier in the month, up more than 2 cents already on the back of a renewed optimism in the riskier assets. The better mood in the risk-complex has been hurting the demand for the safe… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
