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- EUR/JPY bulls defended the 20-day SMA, and the cross established itself above 156.00.
- Factory orders from June unexpectedly rise by 7%.
- BoJ’s hawkish signals and rising Japanese yields may limit the pair’s gains.
On Friday, the EUR/JPY traded above the 156.00 zone, boosted by a stronger Euro following industrial data from June but still, bullish momentum is limited. On the other hand, the Yen traded mixed against its rivals and its losses are cushioned by the Bank of Japan flashing hawkish signals.
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