EUR/JPY printed a fresh all-time high of 169.69 earlier today, however, it was just about the only JPY cross to do so, notes Mizuho Corporate Bank's Nicole Elliott. She says the cross is now very overbought and she's watching for signs of topping during the morning session. For a strategy she favors selling small at 169.55 with a stop above 169.75 for short-term downside targets of 168.25 and 167.25. EUR/JPY now trades at 169.28.
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