EUR/JPY Approaching 200 Day MAVG

Written December 2, 2009 at 8:02 PM EST by  

Continuing with its bid following the PIMCO comments and with the Nikkei trading up over 2% and US equity futures bid, the EUR/JPY pair is approaching the 200 day moving average which has supported the pair since the beginning of the summer and could present some resistance on this move up.

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