EUR/JPY cross past daily Cloud top on short-squeeze; more upside
Thursday, April 30, 2015 1:08 PM UTC
- 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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