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USD/JPY rebound is not doing the EUR/USD any favours
As the USD/JPY continues to press higher in European trading that is forcing the EUR/USD ever lower. The USD/JPY has not long ago hit a European session high above 152.65 and because the EUR/JPY is rising that is adding downside pressure on the EUR/USD, which has just now hit a fresh session low underneath 1.0360. So, do we now conclude that anything more meaningful in terms of a USD/JPY rebound could add further pressure on the EUR/USD? Well, it could be the case and let us not forget where this has come from earlier in the week. So, is the correction to above 1.0440 now over? We shall see on that, as we wait with bated breath for the US president to fire a promised broadside at the EU. The EUR/USD is right now trading at 1.0363
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