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  • EUR/JPY is now looking to consolidate the recent decline to the 117.50/40 band, where come decent contention turned up.
  • If the selling impetus resumes the strength, the next support of significance will come in at 116.56 (low August 26th).
  • On the broader view, while the resistance line at 119.20 caps the upside, the negative stance is seen unchanged.

EUR/JPY daily chart