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Semi-Government Bond Purchase Offer Details

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BoJ Makes Rinban Purchase Offers

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  • RES 4: 132.43 High Jul 1
  • RES 3: 131.86 Jul 6 high
  • RES 2: 131.08/09 50-day EMA / High Jul 13
  • RES 1: 130.43 High Jul 14
  • PRICE: 130.18 @ 19:48 BST Jul 28
  • SUP 1: 128.60/57 Low Jul 20 and the bear trigger / 200-dma
  • SUP 2: 128.29 Low Mar 24 and key support
  • SUP 3: 127.88 38.2% retracement of the Oct '20 - Jun rally
  • SUP 4: 127.31 Low Feb 17

EURJPY remains bearish and recent gains are still considered corrective. Attention is on the 200-dma at 128.57. A clear break of the average would reinforce the current bearish theme and signal scope for an extension of the current downtrend. Note, momentum and moving average studies remain bearish. Potential is for a move to 127.88, 38.2% of the Oct '20 - Jun rally. 130.43, marks resistance.