USD/JPY stays directionless near 107 despite upbeat sentiment

The USD/JPY pair is consolidating last week's gains and is trading in a very tight range on Monday amid a lack of significant macroeconomic drivers. A
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EUR/JPY clings to gains above 118.00

The positive mood in the riskier assets keeps propping up the downside in the Japanese currency, boosting EUR/JPY to daily highs in the 118.20 region.
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