Spreads widened ~3.5 bp WTD, underperforming the broader corporate index, which widened ~1.5 bp on a...
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A bull cycle in EURJPY remains in play and the cross is holding on to the bulk of its recent gains. Attention is on resistance at 185.46, the May 12 high, where a break would strengthen a bullish theme and confirm a clear breach of the 50-day EMA - at 184.88. This would open 186.56, a Fibonacci retracement. Key support has been defined at 182.05, the May 6 low. A break of this level would highlight an important bearish development.