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Thomson Reuters
May 30 - 12:12 AM
EUR/JPY - A Focus On Broad EUR Weakness, Down More?
First appeared on eFXplus on May 29 - 10:30 PM
  • EUR/JPY steady in Asia between 124.98-125.60 so far in Asia.
  • That said, cross looking ready to head lower, 124.62 low overnight.
  • Stops likely on break below overnight low, 124.50.
  • Japanese exporters in a bind, assuming 129-130 in fiscal half budgets.
  • 125.15 100-WMA break big, weekly Ichi cloud base 124.68.
  • Specs eyeing push to 123.00-area for now, lows June '17 .

EUR/JPY: Click here

Source:
Thomson Reuters IFR Markets

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