EURJPY has quietly moved higher over the last few hours testing the overnight high just above 133.60. It has found support via Asian equities, with the Shanghai Composite turning slightly positive. However traders remain cautious with the Composite’s ability to turn on a dime. There is bidding interest on dips down towards 133.00.
Technically, EURJPY is just above the top of its Ichimoku cloud and its100 day MA at 133.28. Resistance is found up at the flat lining tenkan line at 134.10.
