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Forex: EUR/JPY capped below 127 ahead of ECB

EUR/JPY is currently at 126.48, down -0.61% from previous Asia-Pacific open yesterday, mostly on Euro weakness, as “Euro traders are taking profit ahead of the European Central Bank’s monetary policy meeting,” says Managing Director at BKAsset Management, Kathy Lien. Just released third consecutive Core machinery orders for Japan in the positive, at +2.8% on monthly basis, is putting some pressure on Yen longs, last at 93.43 USD/JPY near session lows.
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