Forex - EUR/JPY up during Asian trade

Forex Pros – The Euro was higher against the Japanese Yen on Tuesday after the release of Japanese data on Industrial Production.

EUR/JPY was trading at 116.20, up 0.51% at time of writing.

The pair was likely to find support at 114.48, Thursday’s low, and resistance at 116.38, Thursday’s high.

Earlier in the day, preliminary data showed that Industrial production in Japan rose less-than-expected to a seasonally adjusted 1.0% last month from -15.5% in the preceding month.

Analysts had expected industrial production to rise 2.2% last month.

Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.64% to hit 1.4373 and EUR/GBP rising 0.31% to hit 0.8697.

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