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FxWirePro: EUR/JPY spikes over 1.25%, trades shy of 139 handle

Chart - Courtesy Trading View 

EUR/JPY was trading 1.37% higher on the day at 138.75 at around 13:15 GMT.

The pair has tested 7-year high just shy of 139 handle, hit levels unseen since Aug 2015.

The single currency gathers steam with the German 10y bund yields approaching 0.90% level, an area last traded back in July 2015.

Common currency also reinforced by speculation the ECB could raise rates before the end of the year.

EUR/JPY is extending break above 200-month MA, poised for further gains technicals support further upside.

Bulls eye 141 level (June 2015 high). Retrace below 200H MA (136.28) could see minor near-term weakness. 
 

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