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EUR/JPY last Y128.80 has added ~30 pips....>

EURO-YEN
EURO-YEN: EUR/JPY last Y128.80 has added ~30 pips on the day so far, as yen lags
behind all of its G10 peers, suffering from broader risk on flows based on
Brexit developments and BBG source reports suggesting that the U.S. is set to
hold off on auto-tariffs for now . 
- EUR has shrugged off worry from EZ political uncertainty, as Italian PM
Conte's office announced Rome kept its deficit and growth targets unchanged in
the letter sent to the EU on the deadline day for a revised budget submission. 
- The pair reached session highs of Y128.98 after the Nikkei 225 opened higher,
but has eased back since. 
- Bulls need a break & consolidation above Y129.00 to reaffirm the upside
impetus before challenging The Nov 19 highs of Y129.19. Meanwhile, bears look to
return below yesterday's peak at Y128.75, which would open up the key Y128.00
level.

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