EUR/JPY at 142 before Inflation Test

The euro traded at multi-week highs against the yen early on Tuesday and held firm against the dollar following a surprisingly strong performance overnight as expectations for additional stimulus from the European Central Bank waned.

The common currency reached a three-week peak of 142.18 yen, before slipping a touch to 141.97 yen. Against the Australian dollar, it hovered near a five-week high of A$1.4985.

But further big gains are unlikely in Asia with a public holiday in Japan set to dampen trade.


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