The better tone in the shared currency combined with the offered bias around the Japanese safe haven is lifting EUR/JPY to fresh 2-day highs beyond 122.00 the figure.
EUR/JPY keeps looking to trade, risk trends
After bottoming out in 4-month lows in the 121.50 region on Wednesday, the cross has managed to regain some composure and reclaim the critical 122.00 barrier and above amidst heightened trade concerns and the generalized decline in global yields.
In fact, and despite trade jitters appear somewhat subsided today, the US-China protracted dispute and its potential impact on the world growth remains the exclusive driver of the broader risk appetite trends.