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Japan’s EcoMin hopes BOJ takes appropriate action based on economic, price situation

Japan’s economic minister Ishihara was on the wires over the last hours, commenting on the Japanese economy.

Key Quotes:

Japan economic fundamentals have been recovering

Hope BOJ takes appropriate dialog with markets, appropriate action based on econ, price situation

Old school rate checking by BOJ behind USD/JPY pop?

Amid the absence of Yen 'jawboning', there is some chatter in the market that BOJ has been calling some interbank dealers asking for a 'check' on rates, which more often than not, tends to spook market makers, allowing a quick reaction against the Japanese Yen in this case.
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EUR/USD struggling to extend gains beyond 1.1300

EUR/USD is seen making minor recovery attempts from 1.1283 session lows, although meets fresh supply near 1.1310 region on every attempt to the upside.
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