EURJPY has developed a clean 5-week range between 131.60 and and 134.50. I expect range floor to hold if equities continue charging higher but should we see risk aversion in the markets, a drop off the cliff is anticipated.
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Range support has been broken. As noted earlier, this coming on the back of risk-off mode in equities markets. Should we see follow through, I expect 128.80s (i.e distance from break point plus depth of range) to be reached in a hurry.
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Range support has been broken. As noted earlier, this coming on the back of risk-off mode in equities markets. Should we see follow through, I expect 128.80s (i.e distance from break point plus depth of range) to be reached in a hurry.
you mean Japan's equities? when are we expecting that?