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  • EUR/JPY is fading part of Friday’s advance amidst a softer sentiment around the shared currency and a mild selling bias in JPY.
  • If sellers return to the markets, the next support of significance emerges at last week’s lows in the mid-117.00s ahead of 116.56 (low August 26th).
  • On the broader view, while the resistance line at 119.00 caps the upside, the negative stance remains intact.

EUR/JPY daily chart