20 Jan 2015
EUR/JPY risks remain to the downside – Commerzbank
FXStreet (Edinburgh) - In the near/medium term the risks point southwards for EUR/JPY, suggested Karen Jones, Head of FICC Technical Analysis.
Key Quotes
“EUR/JPY is seeing a near term corrective rebound from the 134.15 October 2014 low”.
“Rallies are expected to terminate on moves into the 137.60/139.45 band, and would use rallies into this band to sell into”.
“We view that the market has recently topped just ahead of 150.00, and short to medium, the risk is now to the downside”.
Key Quotes
“EUR/JPY is seeing a near term corrective rebound from the 134.15 October 2014 low”.
“Rallies are expected to terminate on moves into the 137.60/139.45 band, and would use rallies into this band to sell into”.
“We view that the market has recently topped just ahead of 150.00, and short to medium, the risk is now to the downside”.