If we analyze EUR/JPY performance we can notice that pair has periods during whose it movement is not so big. It seems that pair is in such period now and struggles to go downwards.
In any case downside is more likely due current ECB policy but taking into account BoJ policy it is doubtful that such downside will be substantial. Thus I think rate will reside in tight range for coming weeks and at 1st of April will be around 137.50 level. Possible rate developments are depicted in daily EUR/JPY c…
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