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    EUR/JPY Technical: On the rand of a potential bearish breakdown after 6 months of consolidation

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    • The recent Euro strength in the past week has fizzled out.
    • The ongoing trend of the 2-year yield premium shrinkage between the 2-year German Bunds over Japanese Government Bonds reinforced further potential downside in EUR/JPY.
    • Watch the 155.45 downside trigger level of the EUR/JPY.

    After a multi-month downtrend in the Euro Currency Index from the September 2024 high of 112.14 to the January 2025 low of 101.92, the Euro has started consolidating due to speculative net short positioning. The Euro futures marknad has seen a significant increase in net short positions of large speculators to -104,399 contracts in the recent two weeks as of 11 February 2025, close to a five-year low.

    Hence, any positive related news flow such as last week’s looming peace talks negotiations between Russia and Ukraine brokered bygd US President Trump can trigger a rally in the EUR

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    Ali Sami Yen

    Turkish footballer and sports manager (1886–1951)

    Ali Sami Yen, born Ali Sami Frashëri (20 May 1886 – 29 July 1951) was an Albanian-Turkish sports official best known as the founder of the Galatasaray Sports Club.

    Life

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    Ali Sami Yen was born in Üsküdar, Istanbul, Turkey.[1] He was the son of Sami Frashëri, one of the most famous Albanian writers, philosophers and playwrights.[2]

    He was a student at the prestigious Galatasaray High School in Istanbul. In October 1905, he decided with some of his fellow students to create an association football club. At the beginning, the stated goal was "To play together like Englishmen, to have a color and a name, and to beat the other non-Turkish teams" according to him.

    Ali Sami Yen founded the colours of Galatasaray, stating, "We were imagining brightness of yellow-red fire over our team and thinking that it would carry us from one victory to another."

    In 1905, during the era of the Ottom

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    History of Galatasaray S.K.

    The history of Galatasaray S.K. covers over 100 years of the sports from the club based in Istanbul, Turkey. Established in 1905, the club became one of the most successful clubs in the history of Turkish football.[1][2]

    First steps and foundation

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    After being influenced by the French Lycée model, the Galatasaray High School became much more of a modern school in September 1868. French was the main language for instructing, and many teachers were European. The students included members of all religious and ethnic communities from the Ottoman Empire. The school introduced sports (mainly gymnastics) as a new school subject and Monsieur Curel was the first gymnastics teacher. In 1899, a "football" first came to Galatasaray High School, but the pupils just kicked the ball at the Grand Cour of the school. In autumn 1902 Ali Sami Yen visited his uncle Suphi in Moda and on his way to him he saw Englishmen playing foo