EUR/JPY – potential target for buyers will be near the 133.50 level

October 29, 2021

Upside risks dominated the EUR/JPY currency pair on Thursday. As a result, the common European currency surged by 103 pips or 0.78% against the Japanese Yen during Thursday’s trading session.

Given that a breakout has occurred, bullish traders are likely to continue to pressure the exchange rate higher within this session. The potential target for buyers will be near the 128.00 level.