EUR/JPY -- 01/08/2020

After some incredible bullish pressure over the last few days due to the current economic issues in JPY and the rest of the world EURJPY & EURUSD have seen a lot of gains because of weakness in the dollar & yen but after thursday and friday's news releases showing the current downfall in EUR and the affect of second waves from the virus in countries like Germany & Spain could see a sharp decrease in the EUR as we go forwards into next week, That being said the JPY pairs are still quite weak due to the same issues but with a lot of tech companies like Ali Baba currently thriving for Tokyos market and with Hong Kong possibly starting to relax a bit more we could see a strength gain for JPY to help us reach our target.