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EUR/JPY drops below 101.00 on general JPY buying interest.

The Euro has traded down to 100.75 yen during the Asia/Pacific session. EUR/JPY support is seen at 100.28 (3 Jan high), with resistance at 101.13 (intraday).

Right now the Japanese currency is supported on exporter-based buying as they convert proceeds into yen. Dealers say it’s a typical Friday clean-out with no-one wanting to sit on extra-large positions over the weekend.