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The EUR/JPY is tumbling in the week by some 1.88%. Selling pressure trips down the EUR/JPY to fresh weekly lows, below 138.00. The EUR/JPY might achieve a mean reversion move towards 139.00 before aiming towards the 100-day EMA at 136.00 The EUR/JPY is almost flat as the Asian Pacific session takes over, up 0.04%, after plunging 0.78% on Wednesday.
The USD/JPY rises bolstered by higher US Treasury yields, with the 10-year benchmark note up at 2.932%. A mixed market mood, keep safe-haven currencies bid, in the USD/JPY, the greenback. A USD/JPY rising wedge in the daily chart might open the door for a pullback towards 132.50 before challenging the YTD high around 137.00. The USD/JPY steadily advanced on Wednesday and is up 0.
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