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EUR/JPY takes another hit as USD/JPY trades through technical level

As the EUR/USD fell after the ECB left interest rates on hold, the USD/JPY tried to rebound. However, very quickly that blew out and now the dollar has skidded to a fresh session low and in the process it has now fallen below the noted 100 day moving average, at 147.66. At the same time, the EUR/USD is lower after that ECB decision. So, as you can see, it is the EUR/JPY that has taken the strain and fallen even more on the day. That has now dropped closer to the 160 handle and the reason for all this is down to the mix of Yen strength and Euro weakness as the ECB paves the way to lower interest rates. The EUR/JPY hit a low so far at 160.64. It is currently trading at 160.74 

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