Commerzbank: EUR/JPY remains bid

According to analysts at Commerzbank, EUR/JPY will remain bid as long as it holds above 137.15.

In their view, euro/yen could extend the upside in the near term and to reverse from the 141.00 zone. “The market remains well placed to continue to probe the 140.30/141.00 resistance zone”.

Chart. H4 EUR/JPY

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