USD/JPY, JPY cross selling picking up pace

Pretty much exactly the same as yesterday. The Nikkei is likely to open lower and Japanese accounts are bearish selling both USD/JPY and the JPY crosses with EUR/JPY now below yesterdays low. As I said earlier, I expect EUR/JPY to test strong technical support around 130/131. USD/JPY buying interest at 95.25/50 should be able to provide a base as the session progresses.

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