JPY resilience holding up - BBH

By FXstreet.com | July 18, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman was noting the EUR/JPY that was losing some momentum in the European morning in front of resistance pegged near JPY137.50 and also sites USD/JPY resistance.



Key Quotes



"The euro recorded 6-month lows against the yen earlier today to about JPY136.70 before recovering to JPY137.30”.



"For its part, the dollar came within spitting distance of the bottom of its JPY101-JPY103 trading range”.



“Immediate resistance is seen in the JPY101.50-60 area."



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