EUR/JPY remains firm against 132.75

Euro has ticked up, Monday, against the Japanese yen, for the eighth successive trading session, although it has failed to advance beyond the four-month high at 132.75 hit last Friday. The pair, however, maintains its positive bias intact, with bearish attempts contained above 132.15.

The euro remains strong against an ailing yen. The common currency has remained bid against the Japanese yen, in spite of the sour market mood observed during the Asian and the European morning sessions.

The weaker than expected Chinese GDP and industrial production figures have renewed investors’ concerns about a slowdown in the world’s second economy that could reverberate on the global level.