Euro retreats from one-month top amid JPY intervention risks and BoJ bets

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The euro retreated from a one-month high against the Japanese yen on Wednesday, with the EUR/JPY cross dropping to the 185.75-185.70 area during early European trading. The decline came as traders weighed risks of currency intervention by Japanese authorities and growing bets on a Bank of Japan policy shift, while also looking ahead to the European Central Bank's upcoming decisions.

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