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EUR/JPY rises to fresh 15-year high

The euro is strong today and one reason is buying via EUR/JPY as that pair climbs above last week's highs to make fresh 15-year highs.The monthly chart is a compelling case of momentum and is backed by widening interest rate differentials. I expect repeated bouts of angst regarding the possibility that the Bank of Japan abandons yield curve control but there were no hints of change at the latest BOJ meeting.Some of the gains today relate to European inflation fears after UK core CPI was at 7.1%... Read More

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Eur

Jpy

Rises

Fresh

15 Year

High

Eur jpy

15 year

Forex

Posted: Jun 21 2023, 18:03

Author Name: forexlive

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