Forex: EUR/JPY at 6-month highs

FXstreet.com (Córdoba) - After the short-lived pullback seen during the Asian session due to the Eurogroup meeting disappointment, EURJPY resumed the upside and rose toward a 6-month high, propelled by Japan's opposition leader Abe promising monetary ease and changing BoJ law if he wins the election.

EURJPY has climbed over 550 pips within the last 8 days and today it posted a high of 105.82, last seen early May. At time of writing, EURJPY is trading at the 105.75 zone, up 1.0% on the day.

In UBS analysts view, EURJPY holds a bullish bias, with an upside potential towards 106.55. Meanwhile they see major support at 103.26.