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EUR/JPY down move could be exhausted

EUR/JPY opened yesterday on the lower edge after a previous falling session, but rallied and closed well above the prior session's close.

This price action has left a piercing line on the chart that let bears second-guess their positions. Such a pattern may be some cause for optimism when it appears at a support level.

USD/JPY: trading in familiar ranges and neutral

USD/JPY is currently trading at 120.20 with a high of 120.55 and a low of 119.61.
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