Societe Generale on the situation of the euro / yen

During the trade wins back the single currency of the movement against the Japanese yen and recovering from a decade of wage. To date, the euro / yen managed to get back above one hundred and first figure. A textbook in the field of Y101.20. Societe Generale analysts retain negative outlook for the pair, but they note that the area of Y100.85 correction may be a couple up to the level of Y103.40, which should provide the euro / yen strong resistance. They add that the breakthrough Y100.85 can be a catalyst for further downward movement of up to Y99.85. Current exchange rate euro / yen Y101.24.