EUR/JPY further downside expected in the longer run – Commerzbank

By FXStreet In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could face further declines in the long-term horizon.

Key Quotes

“EUR/JPY‘s corrective rebound has failed on rallies to 128.19 and has resumed its down move”.

“Longer term the risks are building for a further break down and failure at 125.80 will target 121.90, the 50% retracement of the move from 2012”.
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Source:: FX Street