USD/JPY tests 118 and retreats, risk-on persists

The US dollar trimmed gains and eased-off highs versus its Japanese counterpart in the European session, pushing USD/JPY slightly away from 118 handle.
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European Monetary Union Consumer Price Index (MoM) registered at 0% above expectations (-0.1%) in December

European Monetary Union Consumer Price Index (MoM) registered at 0% above expectations (-0.1%) in December
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