Not much change for the Yen that seemed set to overcome 130.50 against the Euro after scaling the moving averages, but EUR/JPY has been trading sideways for many days alongside Jpy crosses, such as USD/JPY around 108 in what appears to be a technical correction rather than something fundamental, aside from a resumption of US Treasury bear-steepening. Recent spike today seems very manipulative, but we should see a mild continuation in the break out.
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