Euro/Yen gains 155 pips to erase previous losses, trading higher at 130.13 after 4 months low .
A good end to the trading week, EUR/JPY is up to 130.13 having started the week at 129.66, overall a 0.35% move or 46 pips this week. (Trade Euro/Yen with FXTM now).
Uptick comes while some more positive signs for Euro/Yen are out as Euro Zone ECB Marginal Lending Facility comes out at 0.25, marks no change from preceding figure.
At the same time, Euro Zone's Deposit Facility Rate (Jul) published yesterday at 11:45 AM came out at -0.5. The indicator value matched both the projected value and the previous data of -0.5. Euro Zone Interest Rate comes out at zero, while the projection was zero. Japan CFTC JPY speculative net positions released today at 7:30 PM with a figure of -55,700, this is better from previous number of -56,300. Euro Zone CFTC EUR speculative net positions is released with a new figure of 45,800, this is down from preceding data of 59,700.
Outlook for rest of the week: Market is looking forward for Thursday data for Germany Unemployment Change will be released, with an expected decline to -20,000 from the preceding figure of -38,000. Germany Business Climate Index projected to outperform last figure with 102.5 while it previously stood at 101.8, data will be released Monday. Germany GfK Consumer Climate (Aug) expected to decline to -4, while its preceding data was -0.3, data will be available Wednesday.