Trade recommendation..

Japanese bank Nomura has apparently issued a trade recommendation selling EUR/JPY at 109.50 with a target of 106.00 and a stop at 111.00.

Reasons for the trade are cited as all the latest factors for the rise are running out of steam, such as US Treasury yields, recent BOJ easing and lack of improving data in the Eurozone

EUR/JPY’s sitting at 109.53