As mentioned in the orderboard, the Tenkan line at 88.22 remains untouched, but the pair’s showing little sign of a solid bounce just yet with some offers creeping in around 88.50 now.
Seems Mr. O’ Neill’s comments earlier are adding some weight, along with some EUR/JPY sales which triggered some sell stops through 118.00 to lows of 117.73.
Watch for daily closes below the tenkan lines of 88.22, and 116.84 in EUR/JPY
USD’s currently around 88.44 with the cross around 117.80
