JPY crosses

EUR/JPY: Short-term parameters now at 101.10/102.10

The bulls look to be re-taking control with the move out of Asian currencies seemingly swamping any risk-off sentiment, overall leading to a weakening of the Yen. Speculation ahead of tomorrow’s BOJ is also undermining the JPY. EUR/JPY should encounter resistance at a prior high near 102.10 and s/t trend line support is at 101.10.

  1. wow. i am getting trapped in these intraday swings now. looks like normality for me now. yesterday it was eur/aud today it is usd/jpy

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