Japanese currency continues to be in demand, and the combination of strengthening and weakening the overall position of the euro against the backdrop of the negative impact of news on the pig flu and potential write-offs in the banking sector in Europe has led the bulls on the euro / yen to keep hopes for continued recovery, at least in the short term. Euro / yen started the day with a decline, while to date, the pair managed to penetrate to a minimum fresh session, and although bidy in Y126.50 still constrain the pressure of sellers, dealers see the risks of a resumption of testing key support at Y126.00. This view, however, and analysts have Barclays Capital. They note that current conditions conducive to the strengthening Japanese currency in favor of whom spoke and the current technical picture, and warn that break below the said support will allow to count on the continuation of the original motion in the direction of Y125.25, and then to Y122.40/00. Interest in the sale of euro / yen is now seen in the area Y127.00/10, while larger Ofer located around Y127.50.
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