• EUR/JPY well bid again, to 161.78 EBS yesterday, best since Jan 30 161.79

• Asia today 161.30-60, holding above 161.30 100-DMA, below 163.03 200-DMA

• Also above 160.54-161.30 daily Ichimoku cloud

• Support seen good for now from 159.00, daily tenkan/kijun below at 158.28

• Hourly chart support from 161.24 Ichimoku tenkan line, kijun 160.39

• EUR increasingly seen as better alternative to USD given Trump policies

• STOXX performance relatively better than other indices recently

• EZ-area rates lower than US but no matter for now, rises eyed ahead

• EUR/JPY eyed by many specs now as opposed to USD/JPY, preferred?

• Related comment , also , for more click on [FXBUZ]

EUR/JPY daily:


EUR/JPY hourly:


Bund-US Treasury 10-year interest rate differential:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)