Heeding to the data of lowest unemployment rate in six years, the markets showed a strongest upside for yen in more than three weeks against the euro. With speculations of additional monetary stimulus by the ECB, the demand of euro experienced more pressure.
Further sentiment that added fuel to the strength of the yen is the government report on the Japanese job market in which jobless rate declined to 3.6% last month, the lowest in more than six years.The EUR/JPY pair was seen at a session low of 139.97 at 08:16 GMT. Later, it stabilized at 140.15, sliding down 0.2% for the day.
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