ForexLive Asian market open: Risk-on plays return
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.