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EUR/JPY held above daily tenkan at 133.64

EUR/JPY held above daily tenkan at 133.64; couldn't close sub 23.6% at 133.65 Bund & other key bond shorts/equity longs squeezed, short EUR hedges, too Feb high 136.70, 200-DMA 137.30 & weekly kijun/50% Fibo key at 137.9…

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  • EUR/JPY held above daily tenkan at 133.64; couldn't close sub 23.6% at 133.65

  • Bund & other key bond shorts/equity longs squeezed, short EUR hedges, too

  • Feb high 136.70, 200-DMA 137.30 & weekly kijun/50% Fibo key at 137.93

  • Still hefty net spec short EUR/USD posis at IMM suggests more topside fuel

  • May 7 high by 136 next hurdle, with 10-yr Bund yield resistance by 80bp pivotal

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