The EUR/JPY has mighty Euro on one hand and the currently risk on in favor Yen on the other. This week you could see the battle play out with a 330 pip rise in one day and a 330 pip fall later in the week.
On Thursday we received the pullback to the 131.30 support and below it. As with all Yen pairs you have to be looking for a gap down on the Monday open as the crisis escalates in the Ukraine/Crimea region. The questions right now are how far do we gap down? How much a push further do we get afterward and do we break 139 support or does it hold?
On Thursday we received the pullback to the 131.30 support and below it. As with all Yen pairs you have to be looking for a gap down on the Monday open as the crisis escalates in the Ukraine/Crimea region. The questions right now are how far do we gap down? How much a push further do we get afterward and do we break 139 support or does it hold?
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