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Forex: EUR/JPY extends advance to 129.25

The Euro is rallying against the Japanese yen following the ECB decision to cut by 25 bps its interest rate to 0.50%. The EUR/USD has jumped 170 pips in the latest hour from intra-day low at 127.55 to break the 128.40, to trade above the 129.00 region and to reach fresh highest level since April 26 at 129.25.
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