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EURO-YEN TECHS: Focus on YTD Highs
Tuesday's close above the 50-dma (125.31) improved the outlook. EURJPY extended
to 125.94, but failed to take out the Feb 4 high (125.95), which now gives more
importance to this level. A break of 126 would reignite upside momentum putting
focus back on the ytd high at 126.14, ahead of a potential return toward the 128
level. On the downside bears look to retake the 50-dma to open the Feb 15 low at