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EUR/JPY undoing overbought Apr-May short squeeze; 133.65 pivotal

EUR/JPY undoing overbought Apr-May short squeeze now: 133.65 the on-close pivot point EUR sales as forex hedge on foreign buying of EUR assets is resuming, slowly Sub 133.65 (23.6% of Apr-May rise) close targets 38.2% at…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • EUR/JPY undoing overbought Apr-May short squeeze now: 133.65 the on-close pivot point

  • EUR sales as forex hedge on foreign buying of EUR assets is resuming, slowly

  • Sub 133.65 (23.6% of Apr-May rise) close targets 38.2% at 132.21

  • Worst of Bund/DM govt bond & equities selloff likely seen on May 7

  • Greece the wildcard risk with little progress made & default threat rising

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By FxWirePro Team