22.05.2008 18:46

EUR/JPY advances:


Rallied up to Y163.50 after triggering stops through Y163.15/20, with rate remaining buoyed just shy of best levels at time of writing. Techs note the move has so far stalled in line with the 76.4% retracement of the move down from Y164.96 to Y158.67, adding the 10-day momentum is now sharply higher in buy territory. Small offers now noted into Y164.00, though little of any significance ahead of supply placed around the April high at Y164.90/165.00.






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