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EUR/JPY last Y127.96, having advanced a....>

EURO-YEN
EURO-YEN: EUR/JPY last Y127.96, having advanced a dozen pips, as the Nikkei 225
trades marginally lower (off from session lows), while U.S. equity index futures
register gains. As a reminder, yesterday Italian gov't reached agreement with
the EU over the former's revised 2019 budget, which now features a 2.04% target
deficit, trimmed from previous 2.4%. 
- Bulls need to retake yesterday's peak at Y128.11 before challenging the 21-DMA
at Y128.50. Conversely, bears look for a fall through yesterday's low of Y127.64
before attempting a move at the Nov 13 low of Y127.50.

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