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EUR/JPY reaches new 15 year high

An update here earlier this morning noted the rise in the EUR/JPY taking the cross ever closer to the 15 year highs seen last week, at 160.85. Well, following a small pullback, towards 160.50, the Euro has recently lifted again and now it has set a new 15 year a short while ago, at 160.94. The reason for this is entirely down to the USD/JPY rebounding once more, whilst the EUR/USD remains elevated near 1.0750. Of course it remains to be seen, if the EUR/USD can press onto the further heights above 161 as the day unfolds. It is currently trading at 160.85
 

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