EUR/JPY has extended its gains, racing toward 120.00 as both legs of the cross rise strongly. EUR/JPY has reached 119.92 thus far; stop-loss buy orders are eyed in the 120.05/10 area.
USD/JPY has cleared the 94.00 level with relative ease and now has its sights on 94.50 where Japanese exporter offers are rumored. 94.63 is the key technical level which must be breached and sustained to set off a bigger USD/JPY rally. Technicals suggest a move above 102.00 in coming weeks if that feat is achieved.
