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21 May 2013
EUR/JPY – range 132.10/30
FXstreet.com (London) - EUR/JPY is being halted by EUR supply in the main, with USD/JPY higher over the session on light volumes calming in the region of 102.65/80 ahead of Bernanke.
The pair have climbed up on the back of Amari piping down his recent comments to the market regarding the yens weakness having gone far enough. That coupled with corporate's fear of impacts on underlying costs was enough to see the yen temporarily claw back some ground.
131.50 is a key support line and the market may use close's either above or below this level to decide upon a short or long positioning in the pair.
The pair have climbed up on the back of Amari piping down his recent comments to the market regarding the yens weakness having gone far enough. That coupled with corporate's fear of impacts on underlying costs was enough to see the yen temporarily claw back some ground.
131.50 is a key support line and the market may use close's either above or below this level to decide upon a short or long positioning in the pair.