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January 9, 2025

EUR/JPY Declines to Multi-Day Low: JPY Strength On Display

The EUR/JPY cross is experiencing selling pressure, dropping to a multi-day low amidst notable strength from the Japanese Yen. Currently, it trades around the 162.60 mark during the Asian session.

Following the previous day’s volatility, traders should observe this trend carefully as it may signal further momentum in JPY strength against the Euro.

Market conditions will be critical in determining future movements in the EUR/JPY pair.

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