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Consolidation has been the theme...........>

EURO-YEN
EURO-YEN: Consolidation has been the theme following the early morning
crash-dive to Y129.66, the cross holding a Y129.92 to Y130.36 range. With the UN
Security Council planning to meet later today to discuss the latest developments
on the Korean peninsula, further consolidation seems appropriate. Interestingly,
this morning's sell-off stalled near to decent support, Y129.67 marks the 38.2%
Fibonacci retracement on Y127.56 to Y130.97 rise, topside, resistance is seen at
Y130.36/47 (Pullback from Y129.66 low, 61.8% Y130.97-Y129.66 decline). Euro-yen
was last at Y130.25

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