JPY crosses/Technical Analysis

Risk sentiment soggy in early Europe

EUR/JPY has fallen 50 pips already in early European trade and liquidity is still quite poor according to early European interbank reports. Let’s hope that Christmas markets aren’t starting super early. Earlier reports suggested that USD/JPY should find plentiful support near 79.25 and that EUR/USD bids are plentiful near 1.2725, so that should give EUR/JPY some support. Hourly lows at 101.00 in the cross are currently being tested.

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