ForexLive Asian market open: Risk-on plays return

Author: Sean Lee | Category: News

We got an inkling that this might happen when pairs like EUR/JPY refused to fall significantly when the Irish debt woes were hogging the headlines. Now that the crisis has eased somewhat, we are seeing strong rallies in EUR/JPY, EUR/CHF etc. EUR/JPY will again be the lead pair in Asia and the obvious technical target is now the previous high and 200-day MA at 115.40.

Good luck today and TGIF.

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