EUR/JPY: Range trading still expected - CB

FXStreet (Guatemala) - Karen Jones, chief analyst at Commerzbank, noted and explained that EUR/JPY has again sold off to and is currently holding the 133.57/50% retracement.

Key Quotes:

"We look for upside probes to falter 135.90/137.20 (200 day ma)."

"Where we suspect it will fail and we will see further ranging. Key short term support is 133.10/57 May low and 50% retracement."

Failure here will introduce scope to the 131.80/61.8% retracement then 129.28 the 78.6% retracement."