EUR/JPY Today

EUR/JPY rising as Europe investors covering shorts, may extend gains to 123.50, says trader at Tokyo bank. Resona Bank dealer Keiichi Iguchi echoes view, saying "the euro had fallen very sharply in recent days, providing a window of opportunity for investors to cover shorts now." Other JPY crosses like AUD/JPY climbing in tandem; selling of JPY also pushing USD/JPY up.