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    EUR/JPY: downward correction is possible on 30.04.2015

    This week, the pair EUR/JPY has grown significantly, reaching the highs since the beginning of March. Weakening in the Yen is associated with the negative macro-economic statistics. After the release of negative data on the industrial output in Japan, the price sharply went up. In March this index fell by 0.3%, which happened for the second time in a row. Negative impact on the Yen was also caused by the fact that the Bank of Japan has revised GDP growth forecast. According to the Bank, Japanese GDP will amount to 2.0% this year against the previously expected 2.1%. In 2016 economic growth in Japan can increase by 1.5% instead of 1.6% as expected earlier.  


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