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Forex: GBP/JPY returns above 143.00

FXstreet.com (Córdoba) - The Pound posted the first daily gain against the Yen since last Wednesday and recovered ground after hitting on Monday at 141.87 the lowest price in almost three weeks. The GBP/JPY has been trading above 143.00 in the last six hours and currently hovers around 143.20.

At the beginning of the American session bottomed at 142.49 but rebounded ending the day with a gain of 40 pips. Cable so far has been unable to erase weekly losses and remains trading more that 50 pips below the level it had at the beginning of the current week.

The yen was among the worst performers on Tuesday, weakened by risk appetite and ahead of the Bank of Japan meeting to be held next week.

Forex: EUR/USD remains above 1.2850; Bears keep the tone

Despite the Greenback was trading lower against its majors competitors, the EUR/USD remained moving sideways as the Euro doesn't have enough punch on the back of the Cypriot crisis and the Dijsselbloem statements on templates, Cyprus, savings and other reflexions.
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Forex: EUR/JPY capped below last week lows around 121.60

EUR/JPY has managed to recover around the 121.50 handle where has been so far capped at 121.65 daily highs, around 38.2% Fibo retrace of Monday's down leg, following Euro plunge on EU's chairman words over Cyprus banking crisis, as a layout for further cases in the EZ, what caused Euro markets to panic. The cross bounced Monday at 120.00 round, fresh 1-month low.
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