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EUR/JPY and GBP/JPY take a hit this morning
Both the EUR/JPY and the GBP/JPY have recently fallen back to session lows not long ago. The move is largely being driven by the noted fall below 156.96 on the USD/JPY, but at the same time, the failure of the GBP/USD and EUR/USD to hold Asian opening rebounds has been integral to the losses on both Yen cross rates. The USD/JPY is now approaching 156.50 and the GBP/JPY is approaching 202 again, which is a level it came close to last week. The EUR/JPY is closer to the 170 handle again. On Thursday the EUR/JPY fell to test that 170 handle. The EUR/JPY closed on Friday at 171.39. It is currently trading at 170.36
Market News
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