Commerzbank on the future of the euro / yen

After a futile attempt to break the level of Y105.80 EUR / JPY settled in the area of ​​Y105.60. However, analysts at Commerzbank fairly optimistic about the couple. They believe that in the short term couple is able to continue the upward movement and return to the field of Y107.65, where the line is the 55-day moving average. An official of the bank, Axel Rudolph, said that the only loss of support in the area Y102.47 could indicate a potential reduction of the pair. Current exchange rate euro / yen Y105.58.