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Dec 18 - 10:55 AM

EUR/JPY: Looks Stretched Here; Scope For A Year-End Correction - SocGen

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. 
Source:
Société Générale Research/Market Commentary

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