FXstreet.com (Barcelona) - Reports saying that Spain intends to renovate its short selling ban for another 3 months hit the market in a very negative way, encouraging a 40-pip plunge from around 103.75 to 103.35. Earlier, the EUR/JPY reached its high at 103.89 as the USD/JPY was being capped past the 80.00 mark.
A very light economic calendar and low columes due to bank holiday around Europe (All Saints Day) could allow for volatile FX moves. Next in line are the Swiss September Retail Sales and PMI in October, ahead of the Greek PMI.
UBS analysts are bullish on the EUR/JPY: “Key resistance lies at 104.59, a break above would extend
the bull trend to 105.28”, wrote analyst Gareth Berry, pointing to support lies at 103.08 ahead of 102.18.
A very light economic calendar and low columes due to bank holiday around Europe (All Saints Day) could allow for volatile FX moves. Next in line are the Swiss September Retail Sales and PMI in October, ahead of the Greek PMI.
UBS analysts are bullish on the EUR/JPY: “Key resistance lies at 104.59, a break above would extend
the bull trend to 105.28”, wrote analyst Gareth Berry, pointing to support lies at 103.08 ahead of 102.18.
