• EUR/USD and EUR/JPY doing little in quiet Tokyo trading

• Most major markets aside from Tokyo closed for Good Friday

• EUR/USD 1.1360-86 EBS, holding below recent highs, 1.1474 April 11

• Sideways since then with downside limited to 1.1264 Tuesday

• Despite the holiday, E1.4 bln in option expiries at 1.1390 strike today

• To provide some gravitational pull? To help cap any moves to upside?

• EUR/JPY on hold between 161.87-95 EBS, in area of 161.75 100-DMA

• Support from 161.57 200-HMA, buying below recently profitable

• EUR mostly unfazed following ECB rate cut yesterday

• Markets betting on more ECB cuts but effect on EUR limited

• Related comment , also , for more click on [FXBUZ]

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(Haruya Ida is a Reuters market analyst. The views expressed are his own)