Dealers are of the opinion that the intraday risk today for the EUR/JPY is to the downside.
European Sovereign debt issues are never far away from trader’s minds and EUR longs are always a tad nervous about new revelations. The inability of USD/JPY to rally without BoJ help is a concern for bulls in that market. Combine the two and dealers are of the opinion that the risky side today in EUR/JPY is the downside.
Intraday resistance levels are at 112.45 and 113.00 and support levels are at 111.60 and 110.65.
