July 6th, 2009 19:28:29 GMT

EUR/JPY looking to retest the breakout

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EUR/JPY is withing shouting distance of critical resistance at 133.35, the trendline broken to the down-side overnight which lead to accelerated losses. A break back above that level will prompt further short-covering and have technicians looking at a potential double … Continue reading

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July 6th, 2009 04:22:52 GMT

JPY crosses continue to rebound

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Local traders are booking profits before Europe enters the fray and EUR/JPY is back above 133.50. Sovereign buying interest in the EUR/USD at 1.3900-20 and option-related buying in USD/JPY around 95.00 are keping bears from getting carried away.

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