The EUR rises as investors react to headlines that the German Constitutional Court will make a judgement about the euro zone rescue plan on Wednesday despite a last minute motion from a lawmaker, say senior dealers at major banks in Tokyo. "There was some initial speculation that the court may postpone the decision and they were ready to sell the EUR on that," one dealer says. The EUR/USD is at 1.2789, up from 1.2760 and the EUR/JPY is at 99.99 from 99.80 before the headlines. Traders say the EUR's upside will be limited from now on until they see the actual court decision.
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