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Major Yen crosses lurch higher again- check out the EUR/JPY right now
As the European stock markets reopened there was another driver higher in the major Yen crosses. That has seen the GBP/JPY extend further above 191 and rise to around 191.75 just now. The EUR/JPY has made an equally dynamic move higher and pushed ever closer to the 160 handle. The USD/JPY is higher at the same time as the EUR/USD, so you can clearly see, it is the EUR/JPY that has been driving the show. The higher European stocks are seemingly delivering a further risk positive dynamic that is underpinning further Yen weakness across the board. The EUR/JPY is right now at 159.55
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