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  • The leg lower in EUR/JPY remains well and sound for yet another session and is now flirting with the 126.00 handle.
  • If the selling impulse accelerates, the 55-day SMA at 125.26 is expected to return to the horizon as the next relevant support.
  • In the meantime, while above the short-term support line at 124.48, the constructive stance on the cross should remain unchanged for the time being.

EUR/JPY daily chart