![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnK3Q-tNPfnNNmGqFVIfb4aJEKDCDaDvydOhWQb92sUM4VvP2F7WYi0wNEngbgrAYqAexnFEuhlnbv6m08xu5M-q7g6fSPQumwXfTevvOUTtzxy1NPxbKonWIx8s_kpCY0Q_-zUJWpJscN/s320/1.jpg)
Within the past week, yen weakening has been one of the dominant themes, as shown on the accompanying EUR/JPY daily chart. This yen weakening has manifested itself as significant recoveries in the USD/JPY as well as all of the major yen crosses. Price action on EUR/JPY has been traveling in a well-defined trading range with no discernible long-term trend since March. For more technical analysis on this currency pair,
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