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Forex: EUR/USD in fresh highs around 1.3465/75

The single currency continues to push higher on Tuesday, now retracing some pips after hitting fresh 3-day highs in the vicinity of 1.3475, against a context of increasing risk appetite.

Positive comments by ECB’s Mario Draghi regarding Spain have also collaborated in the upside.

At the moment, the pair is up 0.41% at 1.3460 facing the next resistance at 1.3494 (MA10d) ahead of 1.3577 (high Feb.7) and then 1.3598 (high Feb.5).
On the contrary, a breakdown of 1.3360 (low Feb.12) would aim for 1.3325 (low Feb.11) and finally the psychological level at 1.3300

Forex: USD/JPY briefly dips below 93.00

The USD/JPY tumbled at the beginning of the New York session and lost over 120 pips from highs after a G7 official said the statement was misinterpreted as it signaled concern about excess moves in the yen. Earlier, the statement had been interpreted as an acceptance of further weakness in the Japanese currency.
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