13 Jan 2015
EUR/JPY risks remain to the downside
FXStreet (Guatemala) - EUR/JPY is currently trading at 140.10 with a high of 140.20 and a low of 139.94, flat on the Asian day so far.
EUR/JPY has been on the offer, but for the most part, has remained with the 140 handle. A low of 139.78 was made overnight with stocks in the US pressured with the energy sector taking a hit with oil prices outlook from major players forecasted lower still.
"We view that the market has recently topped just ahead of 150.00, and short to medium, the risk is now to the downside. We look for a sell off to the 134.15 October low." - Karen Jones, chief analyst at Commerzbank.
EUR/JPY has been on the offer, but for the most part, has remained with the 140 handle. A low of 139.78 was made overnight with stocks in the US pressured with the energy sector taking a hit with oil prices outlook from major players forecasted lower still.
"We view that the market has recently topped just ahead of 150.00, and short to medium, the risk is now to the downside. We look for a sell off to the 134.15 October low." - Karen Jones, chief analyst at Commerzbank.