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EUR/JPY unchanged around 130 despite big moves in EUR and JPY against USD

FXstreet.com (Barcelona) – The EUR/JPY foreign exchange cross rate is currently trading at 130.23 trapped inside a tight range despite big moves against USD in its respective EUR and JPY components, but both to the downside, thus EUR/JPY flat, ahead of a batch of minor Japan data starting at 23:30 GMT.

EUR/JPY presents a neutral stance

“As for the short term, the hourly chart shows indicators hovering around their midlines, but 100 SMA crossing 200 one to the downside above current price which suggest further falls ahead,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Bigger time frames also present a …read more