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As the risk-on theme spills over into Europe,...>

YEN
YEN: As the risk-on theme spills over into Europe, JPY remains bottom of the G10
pile with losses of 0.26%. USDJPY recovers to the Y112.50 area with near-term
resistance seen from yesterday's high at Y112.73, above here opens Y113.09 which
represents the 50% fibo of the recent October downtrend. EURJPY made a brief
show above Y129.00, targeting 100-dma resistance at 129.52. GBPJPY managed to
close above the 100-dma (Y145.88) yesterday with the subsequent recovery
extending to Y146.58. Next resistance seen at Y147.67/70 from the 50%
retracement of Y149.52-145.81 & down trendline resistance. AUDJPY moves back
above Y80.00, turning focus toward yesterday's high at Y80.44. NZDJPY squeezes
to Y73.93, before stalling around resistance from the 50% fibo of Y75.54-72.33.
CADJPY comfortably holds above the Y86.00 level.   

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