The EUR/JPY clipped the 161.00 handle on Tuesday, etching in a 15-year high as the pair clatters along the ceiling heading into a round of EU Retail Sales figures.
The EUR/JPY ticked into a new decade-and-a-half high bid, touching the high side of 161.00. EU Retail Sales coming around the corner for Wednesday. Japan data continues to sour, steepening Yen declines. Japan Overall Household Spending for the year into September missed expectations early Tuesday, printing at -2.8% and accelerating the decline from August's -2.5% and missing the median market expectation of -2.7%.
00 handle sets a fifteen year high for the pair, and is continuing to push further away from the 50-day Simple Moving Average after rebounding from last week's swing low into the 158.00 price level.The Euro has closed four straight green days against the Yen. Momentum has been thinning out, and a recent bout of chart congestion between 160.00 and 158.00 has left technical indicators to spool down into their midranges.
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