EUR/JPY up 55 pips today
EUR/JPY longs are the top trade today as the pair benefited from a technical backstop at the March lows just under 124.00.
The pair is up 54 pips to 125.00. It’s the second day of gains after a three-day slump last week.
In the bigger picture, the yen crosses are moving in a bit of a bloc as the ebb and flow in risk trades, yields and global equity markets bounce around.