Note: This section contains information in English only."The U.K.'s surprise decision to leave the EU is like a Black Swan event Brexit will make the market even more focused on an expansion of BOJ easing."
- PineBridge Investments (based on Bloomberg)
Pair's Outlook
[ANNOUNCE]With risk-on sentiment taking over the markets on Friday, the EUR/JPY currency pair dropped below the 114.00 mark, with volatility stretching out even beyond 110.00.[/ANNOUNCE] The cross remains in a bearish trend, thus, more downside risks are likely to follow, with the Euro even falling to 100 yen eventually. However, technical studies in the daily timeframe are giving mixed signals, suggesting that a possibility of the Euro negating some of its losses exists. The upside border is located around 113.58, represented by the Bollinger band, whereas the lower target is the 109.59 mark, namely last week's low.
Traders' Sentiment
Traders remain bullish on the EUR/JPY pair, with 65% of all open positions being long (previously 66%). Meanwhile, the portion of buy orders slid dramatically—from 79 to 44%.
Mon, 27 Jun 2016 14:32:18 GMT
Source: Dukascopy Bank SA
- PineBridge Investments (based on Bloomberg)
Pair's Outlook
[ANNOUNCE]With risk-on sentiment taking over the markets on Friday, the EUR/JPY currency pair dropped below the 114.00 mark, with volatility stretching out even beyond 110.00.[/ANNOUNCE] The cross remains in a bearish trend, thus, more downside risks are likely to follow, with the Euro even falling to 100 yen eventually. However, technical studies in the daily timeframe are giving mixed signals, suggesting that a possibility of the Euro negating some of its losses exists. The upside border is located around 113.58, represented by the Bollinger band, whereas the lower target is the 109.59 mark, namely last week's low.
Traders' Sentiment
Traders remain bullish on the EUR/JPY pair, with 65% of all open positions being long (previously 66%). Meanwhile, the portion of buy orders slid dramatically—from 79 to 44%.