The EUR/JPY currency pair depreciated about 85 base points during Friday’s trading session. The Eurozone single currency has plunged about 2.91% in value since July 31.
In regards to the near future, it is likely that the common European currency will edge up against the Japanese Yen. The exchange rate could aim for a resistance cluster at 119.25 within this session.
However, technical indicators demonstrate that the currency exchange rate might continue its southern movement within the next session.
