Currencies  |  February 03, 2013 19:15:45

Pair EUR / JPY broke the two-year high and attack three

Currency pair EUR / JPY is in a bull trend for seven months and in recent weeks has even accelerated. When combined together rising and falling euro yen, there will be a bull. And not just any. Two-year high broke through a couple of pretty easily and now attacks the maximum limit of three years from March 2010.

According to the expected macro data of both currencies and their expected results, the trend did not change anything. Upcoming trading week will be on data from Europe and the rich not only for the Japanese this is also true. While maintaining the trend could rate pair EUR / JPY to get to the next level of S / R on the value of 135,000.
The Central Bank of Japan (BOJ) is quite successful effort to weaken the yen. But despite these efforts, the Japanese economy is still languishing in the same place, and macroeconomic data are not improving. There are some opinions that Japan became the world currency war, where other states begin to try to push its currency down. Maybe the world is formed pressure Japan to reconsider its intentions and significantly slowed the flow of money. In that case, one would expect the yen strengthening on all pairs on just linked.

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