Japanese Yen On The Move Again in Asia

Once again, as has been our theme this week, the Yen is taking over early in Asia, being assisted heavily by the USD as equities, oil and gold all move lower. On the EUR/JPY pair we see the price move toward trendline support where we see the first level of support before moving through the 133 figure. We will continue to track developments on this pair as the market seems to be unwinding some into the end of the summer.

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