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EUR/JPY resting up ahead of yearly highs

FXStreet (Guatemala) - EUR/JPY is trading at 144.44, up 0.27% on the day, having posted a daily high at 144.74 and low at 144.00.

EUR/JPY has kept good form on the 144 handle while the Yen has been put on the shelf yet again, marking new seven year lows and punished on the back of the sales tax delays until April 2017 and Abe calling for a snap election and dissolving parliament this month. On further advances to the upside, the months high would become the next target onto the 145 handle.

EUR/JPY noteworthy levels

With spot trading at 144.43, we can see next resistance ahead at 144.52 (Weekly Classic R1), 144.74, 144.81, 145.00 and 145.70. Support below can be found at 144.20, 1.4400 and 143.80.

Key events on Wednesday - Westpac

Sean Callow, FX Strategist at Westpac, breaks down the key events for Tuesday.
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