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EUR/JPY rises to test 137.00

FXStreet (Córdoba) - EUR/JPY printed a fresh daily high at 136.99 and remains near the 137.00 area, testing weekly highs. If it break higher it would be trading at the strongest level since October 9.

The pair made a dramatic turned on Thursday. On European horus dropped to 135.18, the lowest price in a week but then bounced sharply to the upside. From the lows rose more than 150 pips in a few hours, on the back of a weak yen.

Currently trades near the highs testing the key 137.00 area. Above the next resistance might lie at 137.50, followed by 137.70/80. To the downside, support might now lie at 136.45 and below here at 136.05.

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