EUR/JPY. Analysis and Forecast

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Today, the EUR/JPY pair is regaining positive momentum after yesterday's pullback from the 173.25 level, which now marks the yearly high, and is maintaining intraday growth. Spot prices are currently fluctuating just above the round level of 172.00, having risen by about 0.20% on the day, driven by persistent selling pressure on the Japanese yen.Data published today shows that Japan posted a smaller-than-expected trade surplus in June. For the second consecutive month, exports declined due to ongoing negative effects from
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