EUR/JPY: BoJ jawboning doesn’t impact – FXStreet

By FXStreet Valeria Bednarik, chief analyst at FXStreet offered the fundamental picture of EUR/JPY.

Key Quotes:

“The Japanese Yen edged lower against all of its major rivals, pressured by the healthy tone of stocks during the first half of the day.

The EUR/JPY pair advanced up to 123.70 before paring gains, as the DJIA turned negative ahead of the close, but hold on to gains.

The Bank of Japan once again intervened the market verbally during the past Asian session, but investors paid little attention to jawboning, and more to improved risk sentiment.”
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Source:: FX Street