Thursday, 5 April 2012
EUR/JPY down in tokyo trading april 6 2012
forex trading outlook today - EUR/JPY down in tokyo trading april 6 2012 : EUR/JPY fell in early Tokyo trading from 107.61 to 107.31, making tracks away from the 107.70 retracement high seen in New York. It has since bounced to the 107.52/55 seen currently with intra-day shorts covering. The market is extremely thin and whatever flows there are seem to be exaggerating the price action. With little trade off of, EUR/JPY like other JPY pairs are likely to flatten out.
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