| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Technicals
Technical analysis for crosses(EUR/JPY)-5/9/2008
The Euro also continued to decline heavily against the Yen as the downside wave extended beyond the 38.2% correctional level and seems to be heading towards the 158.37 which offers strong demand and represents the 50% level, yet if the pair is to reverse its wave to the upside it must breach the 159.90 resistance, the pair however needs to gather more momentum for such an upside reversal.
| |||||
| Support | 159.47 | 159.14 | 158.81 | 158.37 | 158.01 |
| Resistance | 159.90 | 160.22 | 160.60 | 160.90 | 161.36 |
Recommendation | ... | ||||
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