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FXStreet (Tokyo) - The Euro jumped 60 pips against the Japanese Yen from 128.40 to test the 129.00 level. The move was mainly fueled by the BoE minutes release. EUR/JPY is extending gains from daily PP of 128.20 traded at the early European session.
The BoE monetary policy committee (MPC) meeting on April 9th showed a unanimous decision to maintain the interest rate unchanged at record lows.
Currently, EUR/JPY is trading at 128.76, up 0.23% on the day, having posted a daily high at 129.00 and low at 128.23. EUR/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
EUR/JPY levels
If the pair extends gains above 129.00, it will find next resistances at 129.50 and 130.00. To the downside, supports are at 128.20, 127.60 and 127.40.