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Risk Returns Renewed risk appetite...>

EURO-YEN TECHS
EURO-YEN TECHS: Risk Returns
Renewed risk appetite at the NY crossover saw EURJPY trade above 128.00. The
cross extends its recovery off Friday's 2-month low targeting a break of the
38.2% retracement from 2012 lows to 2014 highs at 128.36. Bulls need to recover
this level to gain the upper hand, before challenging the 100-dma at 129.47.
Bears need a close below 127.00, before turning attention toward Friday's low at
126.64, ahead of the Aug 15 low at 124.91.

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