The common European currency rose by 75 basis points or 0.59% against the Japanese Yen on Thursday. The currency pair breached the 126.60 level during Thursday’s trading session.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, the EUR/JPY pair could continue to edge higher during the following trading session.
However, a resistance level at 126.80 could provide resistance for the currency exchange rate within this session.
