EUR/JPY has continued to give background on Tuesday, falling from a high of 120.53 to a low of 119.41 and -0.39% on the day. The yen has been picking up belated risk-off bids, filling the offers vs G10-FX and resuing its usual safe-haven status.
In the recent sessions, the yen had been behaving abnormally given the de-coupling to risk-off flows, although the blood bath this week in global equities pertaining to the heightened concerns over the contagion of the coronavirus has lead to an exodus of US assets and has ultimately triggered a buying spree in Japanese yen.


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