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EUR/USD AND USD/JPY FORECAST EUR/USD slides and tests an important technical support in the 1.0695/1.0670 area USD/JPY extends its recovery for the second straight day, coming within striking distance from overtaking overhead resistance This article analyzes key price levels to watch in the coming trading sessions Trade Smarter – Sign up for the DailyFX Newsletter

Share: USD/JPY refreshes YTD top during the Asian session on Monday, albeit lacks follow-through. Intervention fears, along with a softer risk tone, underpin the JPY and caps gains for the pair. The Fed-BoJ policy divergence still favours bulls and supports prospects for a further move up. The USD/JPY pair touches a fresh high