The euro / yen is trading at a higher after above 117.00 triggered stop-buy orders, said a senior dealer at a major Japanese bank. According to him, selling out the yen, coupled with the end of the month strong today as stock index MSCI going to withdraw the shares of a number of Japanese companies from among its members, and some Japanese companies offer mutual funds. Large-scale consolidation of shares in the Asian market is also supporting the risk appetite. But the premise of Moody's rating of Japan's "Aa2" to the list for a possible downward revision accelerate the sale of the yen, said this dealer. At the time of this writing, the euro was trading at 117.14 yen, after it rose to 117.28 against the three-week high reached before the minimum of 115.62. Dealer major Japanese bank believes that the couple later in the day will focus on the resistance of 118.00.
Tuesday, May 31, 2011
EUR/JPY:The euro / yen is trading at a higher-comment dealers
The euro / yen is trading at a higher after above 117.00 triggered stop-buy orders, said a senior dealer at a major Japanese bank. According to him, selling out the yen, coupled with the end of the month strong today as stock index MSCI going to withdraw the shares of a number of Japanese companies from among its members, and some Japanese companies offer mutual funds. Large-scale consolidation of shares in the Asian market is also supporting the risk appetite. But the premise of Moody's rating of Japan's "Aa2" to the list for a possible downward revision accelerate the sale of the yen, said this dealer. At the time of this writing, the euro was trading at 117.14 yen, after it rose to 117.28 against the three-week high reached before the minimum of 115.62. Dealer major Japanese bank believes that the couple later in the day will focus on the resistance of 118.00.
