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EUR/JPY felt the weight of EUR/USD in......>

EURO-YEN
EURO-YEN: EUR/JPY felt the weight of EUR/USD in the latter part of Tuesday's
session, dipping back under Y130.00, with the cross last hovering just above the
figure at Y130.05.
- Initial support is noted at Tuesday's intraday low (Y129.75), ahead of the 1%
envelope 10-DMA/Jul04 low (Y129.66/50). Having recently failed around the
Y132.00 level and 200-DMA, EUR/JPY is generating bearish signals on an intraday
and cloud basis, according to the MNI FX Technical Signal Monitor.
- Hourly resistance is noted at Y130.35/45.
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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