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EUR/JPY continues to march higher, claims 15-year highs above 161.50

From fxstreet.com

The EUR/JPY is edging into its highest bids in over 15 years, trading north of 161.50 and looking for more. The Japanese Yen (JPY) has struggled recently, being all but abandoned by a hyper-dovish Bank of Japan that remains entirely focused on propping up long-run growth expectations for the Japanese economy even as the Yen continues to tumble to record lows. The BoJ remains firmly dedicated to their hyper-easy monetary policy framework, leaving the Yen little place else to go but to drain down the charts, and the Eur (EUR) is seeing a upshot breakaway. With the JPY trading so poorly against other assets, it's only a ... (full story)

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  • Category: Technical Analysis