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JPY sits top of the pile at the European........>

YEN
YEN: JPY sits top of the pile at the European crossover, registering solid gains
across the board.
- USDJPY topped out at Y108.99 yesterday, the subsequent retracement extended
through NY/Asia to Y107.86 before meeting support from the 50% retracement level
of Y106.78-108.99. A break and close below opens the Jul 3 low & former channel
resistance-turned-support at Y107.53/44.
- EURJPY retains an outright bearish tone, holding toward the base of its
Y121.62-122.11 range. Next support at Y121.32 from the Jul 3 low.
- GBPJPY printed multi-month lows of Y135.08, before meeting strong support
ahead of the psychological Y135.00 level. Last Y135.25.     

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