During the first half of Thursday’s trading session, the common European currency paused its decline against the Japanese Yen, which occurred during Wednesday’s trading. The Euro stopped just near the 117.60 level.
The exchange rate revered north during the French Flash Services PMI and the German Flash Services PMI macroeconomic data releases.
Most likely, the currency exchange rate will continue the upside momentum until the end of today’s trading session.
However, the weekly pivot point at 118.37 could hinder the EUR/JPY pair movement within this session.
