Forecast for EUR/JPY: Yen regained its authority

Fundamental forecast for the yen for today

Japanese currency shows heightened sensitivity to cold war escalation of the United States and China

If in the EUR/USD pair the intrigue has almost died, in the EUR/JPY pair it is very much alive. It seemed that the rise of the euro against the yen to the highest level since the beginning of June allowed the bulls to feel comfortable in the longs formed according to my July suggestion from the level of 122, but not so fast! The escalation of the Cold War between the United States and China in the form of the mutual closure of…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>