EUR/JPY surges to a new 3-week high

FXStreet (Bali) - Following the breakout of a key descending trendline on Tuesday, the EUR/JPY is taking advantage of improved risk sentiment to post a new 3-week high of 143.42 in Asia.

Technically, view of Valeria Bednarik, Chief Analyst at FXStreet, "the 4 hours chart technical readings present a strong upward tone, all of which suggests more gains are likely up to 143.80 over the upcoming hours, while a break above this last may trigger stops and see an even stronger advance."