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24 Dec 2014
EUR/JPY dropping back from the 147 handle
FXStreet (Guatemala) - EUR/JPY is trading at 146.51, down -0.34% on the day, having posted a daily high at 147.05 and low at 146.46.
EUR/JPY has dropped in tandem with other Yen crosses while USD/JPY seems to be the catalyst dropping below the mid point of the recent rally to the top of the 120 handle while it has marked a low of 120.28.
We are now well into Christmas season and the markets are going to be thin. The are no further data releases for Europe but Japan comes with a number while desks remain open. The Japanese risk events over thin will be Kuroda speaking and the Japanese CPI.
EUR/JPY has dropped in tandem with other Yen crosses while USD/JPY seems to be the catalyst dropping below the mid point of the recent rally to the top of the 120 handle while it has marked a low of 120.28.
We are now well into Christmas season and the markets are going to be thin. The are no further data releases for Europe but Japan comes with a number while desks remain open. The Japanese risk events over thin will be Kuroda speaking and the Japanese CPI.