Quelle: News refco
16:09 EUR/JPY:
So Far, Survives Test Of 132.00] San Francisco, June 16th:
The ability of EUR/JPY to again survive a test of 132.00, particularly given fundamentals, implies a massive capital flow, with the 131.75-132.00 area having provided support every day from Tuesday through Friday last week. Possible flows may include European corporate repatriation from capital investment flows, a situation not ruled out given Daimler Chrysler"s wish to eventually exit its Mitsubishi holdings. Other speculation focuses on Asian central bank asset reallocation into EUR based on EUR/JPY rates. This ensures that Asian currencies keep relatively weak values against both the USD and the EUR and maintain a competitive advantage. Asset allocation of late has not favored the EUR and is not thought to be of sufficient magnitude to provide the support seen in this market for over a week. EUR/JPY trades at 132.24 currently but with resistance seen at 132.36 and the low overnight. --
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