Over 40 years’ heritage
185,800 clients worldwide
Over 15,000 markets

Day two: our EUR/JPY trade

Yesterday I looked at buying EUR/JPY on dips into the 137 region.

EUR/JPY traded to a low of 137.02 which we will run with as an entry level. There was a big run up in the pair yesterday, printing a high 137.99 before some bearish comments by ECB members saw encouraged profit taking on the euro.

EUR/JPY has since retreated to 137.30 ahead of a few quiet days on the European and Japan economic front.

BoJ minutes released this morning have not had much of an impact at all and we’ll continue to look ahead to CPI data on Friday as the key event.

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.