EUR/JPY gains helping drag EUR/USD back up

Author: Jamie Coleman | Category: News

Risk-on all around as early US stock losses reverse and the major averages push heavily into the green. Talk that the LDP, the weak-yen party, is doing well in the polls ahead of mid-December elections. EUR/JPY has recovered most of its earlier losses and is now eyeing resistance at 107.96. The usual 108.00 barrier talk is making the rounds.

1.3095 is next resistance for EUR/USD.