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- Mizuho Financial Group Inc. (based on Bloomberg)
Pair's Outlook
Today EUR/JPY managed to break 142 level; however, the pair did not stay there for long and it slid below the weekly and monthly PP once again. It seems that for now the pair is supported by the 55-day SMA; although, this level is not very significant. Pair's bears should watch the next support level around 141 (the weekly S1 and major level) much closer as it is more substantial and the pair has not slipped beneath it since April 16.
Traders' Sentiment
At the moment of writing 54% of the SWFX market participants are expecting the single European currency to lose value. Concerning the orders placed 100 pips from the spot, there are now considerably more commands to buy—53%.
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