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EURJPY Pauses While Traders Assess Virus Path and Volatility
EURJPY has paused from the recent downtrend to trade near resistance at 122.30. The pair had fallen for 8 out of 9 sessions as traders watched Europe go back into lockdown and the U.S. election bring safe haven risk. Italy was the latest European nation to announce new restrictions on Wednesday with ministers agreeing on an evening curfew. The move will restrict the movement of Italians and keep them indoors between the hours of 10:00 pm and 5:00 am. The measures are less strict than that of Germany and France, but the situation still doesn’t bode well for the economic growth prospects in Europe. Japan has seen far ... (full story)