JPY crosses

EUR/JPY: Hanging around session lows, still looking softish

PM Abe made lots of bold statements in the weekend press, and a joint-statement between the government and the BOJ is being touted for the next meeting, but the Yen has disregarded all of this and has started to make some small gains; it will be interesting to see if Europe consider’s this to be a sign that the powerful recent trend is stating to weaken?

EUR/JPY is hanging around session lows just above 114.80 and we may get a test of Friday’s 114.30 lows at some stage later today. Resistance levels now looking more solid at 115.50.

  1. Not sure yet Jason, see how develops in early Europe, probably won’t get chance now. I’ll look to cover near 11400 and then hope to reinstate on rallies. Would be pretty nice trade to start week 🙂

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