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    EUR/JPY: demand for Euro will continue to grow on 18.05.2015

    The European currency has been growing versus the Japanese Yen for over a month. The main driver of the rise in Euro is the decline in the USD. Despite ambiguous macro-economic data on the key economies of Europe, the pair continued to go up. Uptrend was also supported by favourable GDP in France and positive key indices in Germany. It is worth noting that Japanese data of last week was also positive, which, nevertheless could not chill out the enthusiasm of the “bulls”. Pervious trading week the pair had exceeded over 300 points and reached the key resistance level of 137.00 (Highs of February). 

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