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EUR/JPY advances further and revisits the 157.00 area on Tuesday

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Category: Finance

EUR/JPY advances further and revisits the 157.00 area on Tuesday

EUR/JPY trades in a positive fashion for the third session in a row and retests the 15700 neighborhood, or multi-day highs, on Tuesday. The continuation of the upside momentum should initially target 2023 high at 158.04 (July 21). The surpass of this level exposes a move to the round level of 160.00 in the not-so-distant future. So far, the longer-term positive outlook for the cross appears favored while above the 200-day SMA, today at 146.53.

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