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EUR/JPY sits at Y129.40 & trades a touch...>

EURO-YEN
EURO-YEN: EUR/JPY sits at Y129.40 & trades a touch lower in Asia-Pac dealing, in
sync with a ~0.8% decline in the Nikkei 225. 
- The pair followed a bumpy path yesterday, as headlines re: the escalation in
the Italy-EU dispute over the former's fiscal plan hit the wires. 
- EUR underperformed JPY post-FOMC decision as the rate hit session lows of
Y129.39. That was before USD/JPY crossed above 114.00, which allowed some of the
downside pressure to abate. 
- The pair sits just above yesterday's low/Nov 7 low, which is the nearby
bearish target, with a break opening up the 21-DMA at Y128.92. Bulls keep an eye
on the 50-DMA at Y129.91. A break above would open up yesterday's highs of
Y130.13.

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