Societe Generale on the prospects of the euro / yen
Euro / yen has set a new high for the European session at Y103.42, from which are corrected in the field of Y103.28. According to one of the dealers, Ofer seen in the Asian session high of Y103.45. Break above this level may open the way for upward movement until Y103.70/80, where the line is a 5-day moving average. According to analysts of Societe Generale, the resistance, taking place in the Y103.90-104.05, do not miss the euro / yen higher. They add that in the short term is expected to fall to a minimum pair in June 2001 at Y99.85. Current exchange rate euro / yen Y103.30.
Euro / yen has set a new high for the European session at Y103.42, from which are corrected in the field of Y103.28. According to one of the dealers, Ofer seen in the Asian session high of Y103.45. Break above this level may open the way for upward movement until Y103.70/80, where the line is a 5-day moving average. According to analysts of Societe Generale, the resistance, taking place in the Y103.90-104.05, do not miss the euro / yen higher. They add that in the short term is expected to fall to a minimum pair in June 2001 at Y99.85. Current exchange rate euro / yen Y103.30.