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EURJPY extends back to 170.00

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  • EURJPY is on the move, back at the 170.00 handle, although did print a 170.32 high Yesterday.
  • Nonetheless, market participants will be keeping a close eye, with EURJPY now well above the 2nd supposed intervention on the 1st May, was trading circa 168.38, now pretty much ~200 pips above that level.
  • Further extension past 170.32, opens to 170.79, not a Tech level, but where it was trading before the supposed first intervention, although it traded as high as 171.56 on that day, Monday 29th April.
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  • EURJPY is on the move, back at the 170.00 handle, although did print a 170.32 high Yesterday.
  • Nonetheless, market participants will be keeping a close eye, with EURJPY now well above the 2nd supposed intervention on the 1st May, was trading circa 168.38, now pretty much ~200 pips above that level.
  • Further extension past 170.32, opens to 170.79, not a Tech level, but where it was trading before the supposed first intervention, although it traded as high as 171.56 on that day, Monday 29th April.