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Euro underperforms against Japanese Yen amid Japan’s intervention fears

The Japanese Yen (JPY) trades higher against its major currency peers in the European trade on Monday, with the EUR/JPY pair declining 0.4% to near 178.40.

The Japanese Yen (JPY) trades higher against its major currency peers in the European trade on Monday, with the EUR/JPY pair declining 0.4% to near 178.40.

The Asia-Pacific currency continues to draw support from verbal warnings of Japan’s intervention to support the currency.

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