Commerzbank about the prospects of the euro / yen
Euro / yen has set a maximum session of Y103.10, but then adjusted to Y102.80. According to one dealer, a pair of technical resistance lies in the Y103.37/70, where the line is a 5-day moving average. Further accumulation Offered seen on Y103.55/60. Gust of this region may pave the way for the movement towards Y103.90/00. Nevertheless, Commerzbank employees retain negative outlook for the euro / yen, and believe that in the long term can refer to a pair of Y100.00. Technical analyst, bank, Karen Jones, said that the breakthrough pair above Y106.00 little to relieve pressure on the single currency, but will not affect the tendency of couples to decrease. Current exchange rate euro / yen Y102.97.
Euro / yen has set a maximum session of Y103.10, but then adjusted to Y102.80. According to one dealer, a pair of technical resistance lies in the Y103.37/70, where the line is a 5-day moving average. Further accumulation Offered seen on Y103.55/60. Gust of this region may pave the way for the movement towards Y103.90/00. Nevertheless, Commerzbank employees retain negative outlook for the euro / yen, and believe that in the long term can refer to a pair of Y100.00. Technical analyst, bank, Karen Jones, said that the breakthrough pair above Y106.00 little to relieve pressure on the single currency, but will not affect the tendency of couples to decrease. Current exchange rate euro / yen Y102.97.