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EUR/JPY holding it together on 148 handle so far

FXStreet (Guatemala) - EUR/JPY is trading at 148.09, up 0.03% on the day, having posted a daily high at 148.46 and low at 148.03.

EUR/JPY is holding up on the 148 handle while the Yen makes a come back vs the greenback in the opening hour of Tokyo. The cross has been weighed on in this respect and dipping back a tad off the gains made up to the 148.40 mark from the lows after dropping from above 149.17 in Europe.

The Euro ran into supply on the back of the German services and manufacturing disappointments and the tone has been broadly soft throughout the US session, despite the modest rally of 35 pips or so, leading into Asia. 148.00 acts as key support ahead of much deeper territory to the downside if broken with conviction and that would then expose key support at 146.40.

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