The generally weaker sentiment against the Japanese currency is leading to a rise in EUR/JPY trading close to 127.00.
The pair has been in a gradual uptick since the beginning of February, bouncing back from 124.00 as risk appetite, supported by hopes for a US-China trade agreement improves.
Risk appetite is hurting the safe haven of the Japanese yen which has put it under selling pressure in recent weeks which is the exclusive driver behind the crosses' positive momentum.
The PMI PMI was a positive surprise in February and retail sales in the region were better than expected.
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