The euro’s resilience against the US dollar today is, in part, driven by EUR/JPY demand after the pair broke the Nov 20 cycle high.
EURJPY 30 minute chart
So far the high is 149.52, which broke a reported barrier at 149.50 but didn’t trip stocks. There’s talk of further, strong offers at 149.80 but the major level to watch is 150.00, where there is another barrier.
In the bigger picture, there is no major resistance until 170.
