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EUR/JPY jumps to test 129.00

FXStreet (Tokyo) - The Euro jumped 60 pips against the Japanese Yen from 128.40 to test the 129.00 level. The move was mainly fueled by the BoE minutes release. EUR/JPY is extending gains from daily PP of 128.20 traded at the early European session.

The BoE monetary policy committee (MPC) meeting on April 9th showed a unanimous decision to maintain the interest rate unchanged at record lows.

Currently, EUR/JPY is trading at 128.76, up 0.23% on the day, having posted a daily high at 129.00 and low at 128.23. EUR/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.

EUR/JPY levels

If the pair extends gains above 129.00, it will find next resistances at 129.50 and 130.00. To the downside, supports are at 128.20, 127.60 and 127.40.

EUR/USD key resistance at 1.0840 – Westpac

Strategists at Westpac remarked the key resistance level at 1.0840 for the pair...
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