Misery continues for EUR/JPY

Early highs around 117.00 seem a long way away now with the cross on its knees at the moment as pressure mounts on the euro.

An earlier low at the 21 Day MA at 115.75/76 held first time around, but there’s no let up at the moment, with reports now of semi-official names sitting on the offer in EUR/USD, and Japanese exporter offers choking any chance of a rally in USD/JPY.

EUR/JPY’s at 115.92