EUR/JPY trading down 58 pips to 124.73
Lopk for a bounce to sell in EUR/JPY this week, advises Credit Suisse in its weekly FX pick to clients.
Our
economists expect several pieces of weak European data this week. We
expect the market will also come to realize there is a very slim
likelihood of FX policy coordination at the G20 meeting, and this should
have potential to keep JPY bid.