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May 6, 2013
Forex: EUR/JPY rising and eyeing Friday’s high at 130.34
While the EUR is generally falling as the European session opens and Markit services PMI gets published, the EUR/JPY is on the opposite direction backed by more Yen weakness. The cross had rallied from 128.00 to 130.34 high on Friday, and despite closing the week below the 130.00 mark, the market is very near 130.34 already, as this momentum printed a high at 130.28.
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