On Thursday, the common European currency surged by 72 pips or 0.55% against the Japanese Yen. The currency pair breached the 132.00 level during Thursday’s trading session.
All things being equal, the EUR/JPY exchange rate could continue trending higher in an ascending channel pattern during the following trading session.
However, the resistance level at 132.66 might provide resistance for the currency exchange rate within this session.
