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FxWirePro: USD/JPY dips below lower range, bearish bias increases

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JPY strength weighs on EUR/JPY, drags EUR/USD lower

Friday, March 13, 2015 5:48 PM UTC

Source: Thomson Reuters

EUR/USD almost erased gains from bounce off earlier low, risk-off sentiment the culprit
JPY strength weighed on EUR/JPY, drags EUR/USD with it
Some bids into 1.0480 break sees next support ~1.0460 (Jan 9, 2003 low)
Big long-term 1.0350/1.0450 pivot coming up, if break parity is next target
Short-term narrowing of yield spreads ignored by market for now

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JPY strength weighs on EUR/JPY, drags EUR/USD lower

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