EUR/JPY Better Bid After the Close
Written November 30, 2009 at 7:43 PM EST by Alex Chernomordin
The EUR/JPY pair has caught a light bid after the close of yesterday’s trading day, even as the Nikkei and US equity futures trade marginally weaker. The pair is approaching the 100 hr mavg and short-term trendline resistance, after it broke above the trending 21 hr mavg, which had resisted the pair through the NY afternoon. We will watch the pair as it approaches the noted levels as the market awaits Chinese manufacturing releases later in the Asian session.
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