Since equities bottomed in Mar09, EUR/JPY has been stuck broadly within a range of 126.85 and 139.18.- In that time, S&P has rallied 71% from 667 to appx 1145. EUR/JPY up appx 7.5% in same period. Now at 134.15.
- So much for the cross being a good risk indicator.
- Moral of story : Don't trade this yet.
- [Apologies for a nothing post].
11 January 2010
EUR/JPY : The Most Boring Cross Ever
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