EURJPY hits fresh 9-month low; possibly oversold

EURJPY has declined considerably after posting a three-and-a-half-month high of 133.48 on April 24; it is currently trading 3.6% below that peak. Earlier on Thursday, it touched a fresh nine-month low of 127.96, after losing roughly 190 pips on Wednesday.

The Tenkan-sen line remains below the Kij…

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