Equity markets turn south, selling flows in EUR/JPY

Source: www.forexlive.com

Both the Kospi and the Australian All Ords were up almost 1% but have now fallen into negative territory. The Nikkei is down 0.25% and Taiwan is down almost 6% in 2 days. Add in to the mix some selling flows out of Tokyo in EUR/JPY and the market has been caught a bit by surprise. As I said earlier in my EUR/JPY technical analysis, there is a mild uptrend and technical stops are now to be expected below 135.95.


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