Trading blueprint: Eur/yen buying opportunity. Buy between 111.30 – 111.45 with a tight stop at 111.10. Look to take profits in the 111.92 – 112.35 range. For those of you willing to hold through extended periods, reversing in the 112.75 area may be lucrative as risk-aversion should be the dominating trend heading into Wednesday’s retail sales report. The pair could drop into the mid 109′s prior to the report.
