EUR/USD fell during the session on Tuesday as the markets went into a "risk off" mode. The 1.29 level offered support, and as a result we didn't travel far. However, this pair looks somewhat vulnerable for a move down to the 1.2750 level, and at that point we think that buyers may step back into the market.
The USD/JPY pair fell but bounced in order to forma hammer. This hammer is just under the 78 level, and as a result we think this pair could see a bit of a bid. The Bank of Japan is lurking as well....
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