EUR/JPY fails to sustain gains

The EUR/JPY rose during the Asian session as emerging markets fears eased a tad, giving risk sentiment a boost. However, gains were short-lived, with the EUR/JPY turning negative most recently.
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Merkel warns EU crisis not over yet

Delivering the state of the nation address at the Bundestag on Wednesday, German Chancellor Angela Merkel said that the current calm situation in the Eurozone is deceptive and that efforts have to be made to create a real union in the area.
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