EUR/JPY Price Forecast: Rebound stalls below 200-day SMA

The EUR/JPY buyers stop the bleeding after three consecutive days of losses, registering modest gains of 0.56% on Tuesday. At the time of writing, the cross-pair trades at around 181.90 after US and Japanese authorities intervened in the FX markets to propel the Japanese Yen against its pairs.
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Australia S&P Global Services PMI came in at 53.6, above expectations (53) in July

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