The EUR/JPY closes above the 139.00 level.

Even though today we had a very quiet trading session due to the holidays in the United Kingdom and the United States, the Euro manages to stay afloat and it stalls it fall for now. We can see on the daily chart below that the EUR/JPY has closed above the key level of the 139.00, but most importantly is the fact that the most recent lows of the candles have been higher than the previous ones, this is an indication that the bears are losing interest in the pair and every time they try to bring the price down, the bulls come in and bring it right up.

During this week we do not have a lot of fundamentals scheduled out of Europe, but for tomorrow we have the speeches from Draghi, president of the European Central Bank and Kuruda, governor of the Bank of Japan. This could cause a lot of movement on the EUR/JPY, and if the speeches support the Euro, then we may see a visit to the 140.00 level.