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Renewed risk appetite breached.............>

EURO-YEN
EURO-YEN: Renewed risk appetite breached Y129.45/60 overnight, a level that had
been hard to overcome in previous sessions. More importantly key technical
levels have now been broken, as highlighted in the MNI Analysis email (EURJPY
Pivotal resistance - Nov 2). Rate touched extended react highs of Y129.90 with
bulls looking for a break of Y130.00 to regain control. Above here targets the
Oct 22 high & 200-dma at Y130.20/24, ahead of Y130.65 which represents the 61.8%
retracement of Y133.13-126.64. Last Y129.75/80.  

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