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EUR/JPY chart - Trading View
EUR/JPY is holding gains above 130 handle and was trading 130.026 at around 11:10 GMT.
The single currency largely ignores weaker than expected German Retail Sales data, EUR/JPY largely unfazed.
According to the latest data reported by Germany’s Destatis on Thursday, Germany's Retail Sales rose by 1.2% MoM in February versus +2.0% expected and -4.5% last.
On an annualized basis, the German Retail Sales printed at -9.0% in February versus -8.7% seen in January and -6.3% expected.
Coronavirus cases continue rising in Europe. France was the latest to join Italy, Germany and other countries in imposing a month-long lockdown.
The single currency is likely to remain under pressure as Europe braces for further pain from the virus.
From a technical perspective, outlook for the pair remains bullish. Major and minor trend are bullish and the pair shows upside strength with scope for test of 76.4% Fib at 132.05.
