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Forex Flash: Completed the bullish triangle - Commerzbank

FXstreet.com (London) - Karen Jones Head of FICC Technical Analysis at Commerzbank and Axel Rudolph Senior Technical Analyst at the bank have noted that EUR/JPY last week eroded the 130.73/131.12 April peak and charted a close above here, which has completed the bullish triangle. Their slightly longer-term target remains 136.71, the upside measurement from a wedge, which completed back in November 2012. They are expecting dips to hold above the 128.95 support line, which guards 125.00, the low from mid-April. They have offered key support being123.20 and the seven-month uptrend.

Forex: USD/JPY bouncing off 101.50

The Japanese yen is trimming some of last week’s losses on Monday, climbing back to the 101.70/75 region after finding support around the key 101.50 level....
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Eurogroup expected to approve aid payments for Greece and Cyprus; Slovenia woes return

Eurozone finance ministers gather in Brussels today to discuss whether Greece and Cyprus should be granted bailout payments. Another item on the meeting agenda is the progress towards setting up the EU banking union.
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