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EUR/JPY cross past daily Cloud top on short-squeeze; more upside

Short-squeeze in EUR takes EUR/JPY cross past daily Cloud top 1st time since Jan Big dip after BOJ passes, delays reflation goals to be met; will ease again Daily RSI enters overbought, but newly expanding Bollis suggest…

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  • Short-squeeze in EUR takes EUR/JPY cross past daily Cloud top 1st time since Jan

  • Big dip after BOJ passes, delays reflation goals to be met; will ease again

  • Daily RSI enters overbought, but newly expanding Bollis suggest more upside

  • Econ activity econ data firming slightly, Bund ylds rising, but EUR/JPY move outpacing

  • Medium-Term targets 200-DMA/Feb 12 hi (137.41/136.70) as oversold weekly reversal plays out

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