EUR/JPY: Attention on the 115.87 September low – Commerzbank

EUR/JPY’s outlook remains negative while capped by the downtrend, which lies at 120.30, in the opinion of Karen Jones from Commerzbank.

Key quotes

“Our attention is currently on the 115.87 September low. A close below 115.87 will introduce scope to the 109.30 June 2016 low.”

“The downtrend guards the 121.50 resistance.”