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Thomson Reuters
Feb 12 - 11:00 PM
EUR/JPY - Bid Early But Upside Limited, Risk Wariness
First appeared on eFXplus on Feb 12 - 07:50 PM
  • EUR/JPY up early in Asia on improvement in risk sentiment, Nikkei up.
  • That said, market wary and upside seen limited for cross.
  • Offers likely to come back in well ahead of 134, 133.92 descending 100-HMA.
  • Support from top of hourly Ichi cloud at 133.39, flat 55-HMA 133.37.
  • 100-DMA at 133.61 today, likely pivot going forward.
  • Low yesterday while Tokyo holiday-ed 132.92, stops likely sub-132.90.

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