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Euro Looks to Break Higher Against Yen

Euro Looks to Break Higher Against Yen

David Rodriguez, Head of Product
Euro Looks to Break Higher Against Yen

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

EURJPYThe Euro looks likely to trade higher versus the Japanese Yen as retail FX traders sell consistently into EUR strength.

Trade Implications – EURJPY: With only brief exceptions, our retail trader sample has remained consistently short the EURJPY since it set a noteworthy low through early March. The combination of one-sided Euro/Yen and Euro/Dollar sentiment instills further confidence in our calls for continued EUR strength.

See next currency section: GOLD - Gold Prices Remain at Risk of Further Declines

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Euro Looks to Break Higher Against Yen

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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