Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 02 - 02:36 AM

EUR/JPY - Halted By Level Certain To Attract Big Sellers

By Jeremy Boulton  —  Jun 01 - 04:40 AM
  • EUR/JPY high today 119.96. Friday 119.90 (EBS)

  • 120 is a crucially important level for hedging

  • Option and corporate supply around 120 will be large

  • Highs since Feb have been circa 121. Lows near 114.50

  • Current levels sure to draw additional spec supply, esp Japanese

  • Japanese retail will likely front run corp/option sellers

  • Stop placement likely to be above 120.50 or 121.00



EUR/JPY Click here

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2020 eFXdata · All Rights Reserved
!