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EUR/JPY oscillating in a drift back off highs

FXStreet (Guatemala) - EUR/JPY is trading at 148.09, up 0.07% on the day, having posted a daily high at 148.15 and low at 147.97.

EUR/JPY has drifted back from the highs and the pair is oscillating ahead of the 148 handle in a sluggish handover from the US shift to Asia and post the FOMC minutes as the main driving force of the US session.

However, there was not a great deal of action given the lack of events that came out of the minutes. Officials do seem concerned for the risks associated to pricing in too much inflation longer term and an air of caution around that was raised and documented in the minutes.

Thus, stocks can enjoy the idea of a continued period of easy money for the time being and markets can likely hold off from pricing in a rate hike in early 2015 for now.

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