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Forex: EUR slips by the Tokyo close

FXstreet.com (Barcelona) - Coinciding with the closing bell in Tokyo, also end of month and fiscal year over there, EUR has taken a 30 pip hit down in both EUR/USD pair and EUR/JPY cross, while GBP/USD has also seen offers down to 1.5178 from above 1.5200 moments before 06:00 GMT, while these two markets, mainland Europe and London, will remain closed over holiday, thus reducing liquidity to the maximum, and enabling price action to such sharp spikes.

More stabilized now since then, EUR/USD is last at 1.2809, EUR/JPY at 120.38 off session lows at 120.24, and Cable back around 1.5200. As many of market participants and media reporters are away over holiday, no catalyst for the move has been given so far, nor any new headline has been crossing the wires.

Forex: GBP/USD holding around 1.5200

Without making much noise, and totally flat for the last hours in the Asian session, Cable enters into the London session ahead above the key 1.52 round level, off recent session and 3-day highs at 1.5222. The pair is only -0.17% down for the week, ending as the second strongest currency among majors for last 2 trading days, with the UK closed over Eastern holiday today and next Monday. Next Thursday's BoE meeting is now one of biggest risk events in the nearest future.
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Forex: EUR/USD hovering around 1.2800

The single currency found support at the 1.2800 handle after selling interest dragged the cross from the area of 1.2840 overnight....
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