© Dukascopy Bank SA
- Kazumasa Iwata, former deputy governor of Bank of Japan (based on Reuters)
Pair's Outlook
EUR/JPY tested 99 mark today, but was rebounded from weekly S1 at 99.017. It is highly unlikely pair will advance above 99. Actually it is more likely that pair will continue to stay around 98.5 in short term, but will be pushed below 98 in medium term.
Traders' Sentiment
Pairs bullish strengthened by 2% since yesterday and reached 55% mark. Amount of pending buy orders dropped to 69%, first time below 70% in almost a week.
© Dukascopy Bank SA