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November 26, 2024

EUR/JPY Stays Near 161.00 Amid Global Risk Aversion

EUR/JPY remains in negative territory as it holds near the 161.20 level during European trading on Tuesday. The safe-haven Japanese Yen (JPY) has maintained strength due to heightened global risk aversion. This comes from US President-elect Donald Trump’s renewed tariff threats against China, Mexico, and Canada. Traders should keep these geopolitical influences in mind as they can significantly impact currency pairs and market behavior moving forward.

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