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EUR retreats post Tokyo Fix

By   || July 14, 2009 at 01:26 GMT
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Just like yesterday EUR and EURJPY have retreated after the Tokyo Fix. Demand into the fix saw EUR up above 1.4000 and EURJPY towards 130.50, however once the buying interest finished, sellers emerged out of Tokyo, hitting the EURJPY back down thru 130 to 129.80. Im hearing there is still an interest to sell EURJPY on rallies back towards 130.50.

My hourly support on the EURUSD comes in at 1.3960-65.

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