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European data helping to push EUR/JPY higher this morning

In the previous update I noted the EUR/USD rising in tandem with the USD/JPY a short while ago. Well, that has continued to play out and the combination of higher revisions to German inflation data coupled with better revisions to the latest French PMI data has helped to push the EUR/JPY even higher. It has also pushed the EUR/USD a little further above 1.0945 too. So, the EUR/JPY has now lifted to session highs above 157.50. The EUR/JPY had traded close to 156 much earlier today. The EUR/JPY is the driving force behind the gains in the EUR/USD by the looks of it though and it is currently trading at 157.55

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