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EUR/JPY chart - Trading View
Euro extends gains across the board after German IFO Expectations Index for December beats estimates.
EUR/JPY was trading 0.31% higher at around 10:45 GMT, outlook remains bullish.
The headline German IFO Business Climate Index came in at 92.1 for December vs 90 expected.
Upbeat data raised hopes that the bloc's economy is beginning to stabilize and helped limit the downside for the pair.
The pair has broken out of range trade, raising hopes for further gains. Price action has broken strong trendline resistance at 126.15.
Next major bull target lies at 61.8% Fib at 128.67. On the flipside, 200-DMA is strong support at 125.27. Bullish invalidation on break below.
