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EUR/USD recovers while EUR/JPY, USD/JPY surge higher
EUR/USD recovers while EUR/JPY, USD/JPY surge higher as BoJ states that it may delay future rate hikes.
EUR/USD is expected to recover
EUR/USD is expected to recover from its mid-April low at $1.1265 and head back up towards last week's $1.1425 high and the 11 April high at $1.1473.
Below $1.1265 lies the March-to-May uptrend line at $1.1189 which may offer support.
EUR/USD daily chart
EUR/JPY probes key resistance
EUR/JPY is flirting with its December and January peaks at ¥164.54-to-¥164.90 which represent key resistance.
The ¥164.18 early and ¥163.75 late April highs may offer short-term support.
EUR/JPY daily chart
USD/JPY rallies
USD/JPY is trading in two-week highs whilst approaching the 55-day simple moving average (SMA) at ¥147.19.
Minor support may now be found around the 4 April low at ¥144.55 and then at the 25 April high at ¥144.03.
USD/JPY daily chart
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