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EUR/JPY below 130.16 Jan low, 128.50 next props

Source: Thomson Reuters EUR/JPY below 130.16 Jan low as risk-off flows & fresh Grexit worries weigh Tiny breach of 130 so far, lack of follow-thru caps downside DM stocks, N225 futs, getting hammered, prompting yen short…

By Jay L. Zagorsky
1 min read
EUR/JPY below 130.16 Jan low, 128.50 next props
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Source: Thomson Reuters


  • EUR/JPY below 130.16 Jan low as risk-off flows & fresh Grexit worries weigh

  • Tiny breach of 130 so far, lack of follow-thru caps downside

  • DM stocks, N225 futs, getting hammered, prompting yen short covering

  • 161.8% of Feb 12-22 drop & 38.2% of '12-'14 rise at 128.48/52 key support

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