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Italy election pressure on the Eur sees....>

EURO-YEN
MNI (London)
EURO-YEN: Italy election pressure on the Eur sees Eur/Jpy break below Friday's
low of Y129.56 to post a fresh 2018 low of Y129.42. Next supports seen between
Y129.38/37, a break to expose Y129.00. Move has pressed Usd/Jpy back below
Y105.50, the rate holding just off its earlier Asian base of Y105.42. Bids in
this pair have been noted into Y105.40, a break to expose Friday's low of
Y105.25. The Y105.50 level does hold the strike of a larger expiring option for
today's NY cut, $2.66bn, which could act to keep rate anchored close by. 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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