Market news
02.09.2011, 14:50

EUR/JPY under pressure

EUR/JPY under pressure around Y109.12, a bit higher the intraday low Y109.04. Downside bids reported at Y109.10/00 (Y109.02 - 19 Aug low) ahead of bids at Y108.60/50 and Y108.10/00 (Y108.03 - 11 Aug low). Offers placed at Y109.90/00 ahead of Y110.45/50 (Y110.38/73 - 5, 21 day MA's/Tenkan line). Break above opens a move towards Y110.90/00.

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