FXstreet.com (Córdoba) - The euro rose to 5-month high versus the yen on Thursday as the Japanese currency weakened amid speculation the BoJ will ease its policy further at the October 30 meeting.
EUR/JPY extended gains into a sixth consecutive day and hit its highest since May 8 at 104.12. The pair however found resistance and failed to hold above the 104.00 mark, and it is currently trading at the 103.80 area, still up 0.3% on the day.
As for technical levels, immediate resistances are seen at 104.10, 104.60 and 105.00, while on the other hand supports could be faced at 103.50, 103.00 and 102.80.
