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EUR/JPY oscillating below

FXStreet (Guatemala) - EUR/JPY is trading at 146.50, down -0.02% on the day, having posted a daily high at 146.61 and low at 146.43.

EUR/JPY is changing hands still around best highs since 2008 from an extension of the run up from the start of the weeks activity and has been further buoyed since the announcement in respect of the deferred sales tax hike that has been put back 18 months.

Abe has also set his date for a snap election for the middle of next month and this allows him a new four-year mandate with policies that are immediately seen as good for the stock market and has sent the Yen lower. The pair now has a clear run towards 170.00 with not much in the way of technical resistance in its path.

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