EUR/JPY adds to recent gains above 127.00. The sell-off in the Japanese yen sustains the upside. US 10-year yields keeps the dollar well bid. The selling bias around the Japanese yen eclipses the corrective downside in the single currency and motivates EUR/JPY to advance to fresh peaks in the 127.30 area on Thursday. EUR/JPY faces the next target at 127.50 EUR/JPY advances for the fourth consecutive session on Thursday, extending the recent breakout of the multi-week consolidative theme above the key barrier at 127.00 the figure. That said, the door now appears open for a potential move to the 2019 highs in the mid-127.00s. The rebound in yields of the key US 10-year reference beyond the psychological 1.0% mark lends extra support to the buck vs. the Japanese yen, which in turn sustains the leg higher in the cross. In the data space, flash inflation figures in Euroland for the month of December showed the lack of traction in consumer prices remains well and sound for the time being. In the US data space, Initial Claims rose by 787K WoW while the ISM Non-Manufacturing will be released later in the NA session. EUR/JPY relevant levels At the moment the cross is gaining 0.11% at 127.09 and faces the next hurdle at 127.30 (2021 high Jan.7) followed by 127.50 (2019 high Mar.1) and then 129.25 (monthly high Dec.13 2018). On the downside, a drop below 126.37 (21-day SMA) would aim for 125.70 (low Dec.16 2020) and finally 128.80 (55-day SMA). 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 THETA price must overcome this crucial hurdle to advance towards $3 FX Street 1 year EUR/JPY adds to recent gains above 127.00. The sell-off in the Japanese yen sustains the upside. US 10-year yields keeps the dollar well bid. The selling bias around the Japanese yen eclipses the corrective downside in the single currency and motivates EUR/JPY to advance to fresh peaks in the 127.30 area on Thursday. EUR/JPY faces the next target at 127.50 EUR/JPY advances for the fourth consecutive session on Thursday, extending the recent breakout of the multi-week consolidative theme above the key barrier at 127.00 the figure. That said, the door now appears open for a potential move to the 2019… 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.