EUR/JPY recovers few pips from daily low, keeps the red around mid-163.00s
The EUR/JPY cross meets with a fresh supply during the Asian session on Tuesday and reverses a part of the previous day’s recovery move from the 50-day Simple Moving Average (SMA), around the 162.25 region, or a nearly one-month low. The intraday slide is sponsored by the emergence of fresh buying around the Japanese Yen (JPY) and drags spot prices back closer to the 163.00 mark in the last hour, though lacks follow-through.
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