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EUR/JPY holds above 139; Bunds more stable

Monday, June 8, 2015 1:27 PM UTC

EUR/JPY Fri & today's lows held above 139, as long Bund FX hedges unwind further
Cross tad overbought on dailies; weekly Cloud base at 141.97 is Medium-Term target
Bunds more stable, though recent yield surge dims buyers' hopes
Surge in net short yen specs at IMM puts them close to net hefty EUR shorts
Broader exodus from JGBs undermines JPY

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EUR/JPY holds above 139; Bunds more stable

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