By eFXdata — Dec 18 - 10:00 AM
Societe Generale Research flags a scope for a correction in EUR/JPY into year-end.
"One pair worth watching today is EUR/JPY, which s overbought and testing the highs of the year. A EUR/JPY year-end sell-off could be caused by a correction in risk sentiment or even by a move in the yuan," SocGen notes.
"EUR/CNY is, like EUR/JPY looking very stretched here and a little yuan weakness could be the catalyst for this to trigger a euro correction," SocGen adds.
Société Générale Research/Market Commentary