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Broader JPY demand helped EUR/JPY to.......>

EURO-YEN
EURO-YEN: Broader JPY demand helped EUR/JPY to touch a low of Y126.66, with the
rate last 25 pips or so lower at Y126.69. This comes after Wall St.'s late rally
pushed the cross to highs of Y127.10 on Thursday. This level now provides the
initial point of resistance, with a break opening up the 21-DMA at Y127.75.
Bears look to Thursday's session low of Y126.00 as the initial area of support.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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