17 Feb 2016
EUR/JPY further downside expected in the longer run – Commerzbank
In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could face further declines in the long-term horizon.
Key Quotes
“EUR/JPY’s corrective rebound has failed on rallies to 128.19 and has resumed its down move”.
“Longer term the risks are building for a further break down and failure at 125.80 will target 121.90, the 50% retracement of the move from 2012”.
Key Quotes
“EUR/JPY’s corrective rebound has failed on rallies to 128.19 and has resumed its down move”.
“Longer term the risks are building for a further break down and failure at 125.80 will target 121.90, the 50% retracement of the move from 2012”.