Wednesday, September 14, 2011

Standard Bank sell EUR/JPY

Currency strategists at Standard Bank advise investors to sell the single currency versus Japanese yen at 104.90 targeting 103.50 and 100.40. 

The specialists recommend placing stops at 108.10.

The pair EUR/JPY lost 9.2% during the past 3 months hitting yesterday 10-year minimum at 103.88.

daily eurjpy 16-18

Chart. Daily EUR/JPY

published by FBS Holdings © 2011