EUR/JPY: Recovery potential looks limited - RBS

FXStreet (Bali) - Thomas Anthon, FX Strategist at RBS, notes that the recovery potential for EUR/JPY looks rather limited.

Key Quotes

"The recovery potential for EUR/JPY looks rather limited to 139.92 and 140.69 (minor 38.2 %/weekly trend)."

"Below, the odds remain in favor of a minimum decline into 135.55 (minor 38.2 %) and 134.36 (C = A), confirmed on a break below the last low at 137.70."

Jun 25, 2014

Westpac MNI China consumer sentiment lowest since July 2013

The Westpac MNI China Consumer Sentiment Indicator came surprisingly low in June, hitting its lowest level in almost 1 year, after recording -7.1% to 112.6in June from 121.2 in May. It was a broad based setback inconfidence, although the series still show readings above the 100 mark, meaning that optimists still prevails over pessimists.

EUR/JPY recovery potential looks limited - JPMorgan

Thomas Anthon, FX Strategist at JPMorgan, notes that the recovery potential for EUR/JPY looks rather limited.