Saturday, 26 January 2013

EUR/JPY firms against yen on bullish German business sentiment

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More at http://daily20pips.blogspot.com/2013/01/candice-swanepoel-is-victorias-secret.html
The euro rose against the yen on Friday after German economic confidence data beat expectations earlier.

The yen, meanwhile, continued to come under pressure after an economic ministry official voiced comfort with a weaker currency.

In U.S. trading on Friday, EUR/JPY hit 122.66, up 1.51% and up from a low of 120.67 and off a high of 122.78.

The pair sought to test support at 120.67, the session low, and resistance at 122.78, the session high.

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