Derived Data That Drive Results
By Jeremy Boulton — Aug 24 - 03:50 AM
Stocks and risky currencies rise following Nvidia results nL1N3A50FO
Carry trades could flourish nL1N3A50HWnL1N3A50G4
EUR/JPY longs have been a very popular carry trade this year
Pair has risen from 140 towards 160
In August EUR/JPY rally became stretched above peak 20-day Bollingers
Overbought situation now alleviated with peak bands around 160
Topside targets are 161, 163.25 and 170.54
EURJPY Click here
Source:
Refinitiv IFR Research/Market Commentary
