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EUR/JPY undoing overbought Apr-May short squeeze; 133.65 pivotal

  • EUR/JPY undoing overbought Apr-May short squeeze now: 133.65 the on-close pivot point

  • EUR sales as forex hedge on foreign buying of EUR assets is resuming, slowly

  • Sub 133.65 (23.6% of Apr-May rise) close targets 38.2% at 132.21

  • Worst of Bund/DM govt bond & equities selloff likely seen on May 7

  • Greece the wildcard risk with little progress made & default threat rising

  • Market Data
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