News Column

Euro Looks at Risk versus Japanese Yen

June 5, 2014

David Rodriguez

Euro Looks at Risk versus Japanese Yen



EURJPY - A shift in forex sentiment warns that the Euro might fall further versus the Japanese Yen.



Trade Implications - EURJPY: The forex trading crowd is once again long the EURJPY as it trades sharply off of recent highs. A contrarian view of crowd sentiment favors further weakness, and indeed this lines up well with our calls for a pullback in the Dollar/Yen exchange rate.



See next currency section:EURUSD - Euro May Have Set Important Low Following ECB Cuts





Euro Looks at Risk versus Japanese Yen







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Source: DailyFx


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