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Yen under pressure

EURJPY
  • Yen under pressure here as yields move higher globally.
  • EURJPY now is at its highest level of the yesar at 145.49 surpassing Tuesday's high of 145.47.
  • Our technical analyst sees trend conditions remaining bullish with initial resistance at 145.80 (76.4% retracement of the Oct 21 - Jan 3 bear leg) with the key resistance at the December 15 high of 146.73.

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