Upside risks dominated the common European currency against the Japanese Yen on Friday. The currency pair surged by 126 points or 1.02% during Friday’s trading session.
All things being equal, the exchange rate could continue to trend bullish during the following trading session. The potential target for the EUR/JPY pair would be at the 125.56 level.
However, the currency exchange rate is expected to make a brief retracement towards the 124.00 mark today.
