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Posted by
Two Blokes Apr 16 -
Filed in
Forex
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3 views
Despite global equity market moves, EUR/JPY is diverging from its usual correlations, driven by a dollar sell-off and repatriation flows from Europe and Japan. With the yen seen as more undervalued and the BoJ leaning hawkish, the pair carries a downside bias in the near term, ING's FX analysts Francesco Pesole and Chris Turner note.
