EUR/JPY jumps to test daily highs at 141.00

FXStreet (San Francisco) - The Yen is currently trading under pressure across the board and against the Euro it's not an exception. The EUR/JPY just jumped around 70 pips in the last two hours from 140.30 to reach fresh intra-day highs around 141.00.

Adam Button from Forex Live commented in a recent piece of news that "the key for me is the Treasury market. Ten-year yields are nearing resistance ahead of 2.80%. If that level gives way, look for a run-up in USD/JPY."

EUR/JPY sentiment

The EUR/JPY is currently trading at 140.87, 0.39% positive on the day. The short term perspective remains slightly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.