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Flash: EUR/JPY remains bullish above 125.00 – Commerzbank

FXstreet.com (Barcelona) - The cross is meandering around 130.40 and 130.80 on Monday, reflecting the lack of direction prevailing in the markets, as there is no activity in the UK and the US.

“Last week EUR/JPY slid back to its upper triangle line at 129.95, now 129.77, and then bounced off it. Early this week expect to see more sideways to slightly bearish trading… Any short term bounce should fail ahead of or around the 132.78 mid-May high”, commented Axel Rudolph, Senior Technical Analyst at the German lender Commerzbank.

Flash: There was a large disconnect among the equity markets open today - BBH

Brown Brothers Harriman analysts note that European equity markets are mostly higher on the day but there was a large disconnect between markets at the open this morning.
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Flash: USD to remain well supported but pace of gains to slow - BTMU

Derek Halpenny, European Head of Global Market Research at the Bank of Tokyo Mitsubishi believes that the key for the dollar will be maintaining expectations of an eventual end to QE.
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