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EURO-YEN: Rumoured corporate JPY hedging out of Tokyo has seemingly weighed on
EUR/JPY, alongside pressure on regional stocks, with the rate last dealing 30 or
so pips lower at ~Y131.15.
- Bears continue to target the 200-DMA (Y131.00), with a move below Wednesday's
intraday low (Y130.97) opening up a move to channel base support (Y130.60).
Bulls look for a move back above Y132.00 to return the focus to the upside.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com