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November 25, 2024

EUR/JPY Gains Modestly but Struggles Below 162.00

The EUR/JPY cross experiences modest gains as the week begins but continues to face challenges staying above the 162.00 mark. Despite the positive start, the pair lacks momentum and struggles to capitalize on any upward movements throughout the Asian session. Traders should note that prevailing market conditions and fundamental indicators suggest a prevailing bearish bias. As the week unfolds, surveillance of both eurozone and Japanese economic data is vital for traders seeking patterns in this currency cross. Adjustments to trading strategies may be warranted based on shifts in economic forecasts or geopolitical impacts. Vigilance in tracking these developments will aid in making informed trading decisions for EUR/JPY.

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