Friday, 4 January 2013

EUR/JPY looking overbought, set for bearish correction?

> Watch more pictures of Gracie at http://daily20pips.blogspot.in/2013/01/wow-heres-gracie-carvalho-looking-her.html
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> EUR/JPY holds a slight bid tone ahead of the Tokyo fix, underpinned by USD/JPY buying interest, after the euro slid 150 pips against its Japanese counterpart yesterday on safe haven bids after the latest Fed minutes weighed on risk sentiment. The cross now stands at 114.10 from an intraday low of 113.77, while USD/JPY has managed to extend bullish gains to 87.75 so far this Friday, reaching fresh 2-year highs.

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