The Japanese Yen (JPY) USD/JPY shot higher after the strong US Jobs data from Y78.25 to Y78.75 but we have seen the major ease back to Y78.50 given with USD weakness from the EUR/USD rally. EUR/JPY is rocketing higher up 200 pips from Friday low at Y95 to be trading well supported above Y97 so far in Asia today. The BOJ meet later this week but are not expected to announce new measures.
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