EUR/JPY chart - Trading View
EUR/JPY was trading 0.20% higher on the day at 129.63 at around 09:40 GMT, extends gains for the 2nd straight session.
A pick-up in cases of the Delta variant of the coronavirus has lent further demand for the safe haven yen and could cap upside in the pair.
On the data front, Italian Industrial Sales contracted at a monthly 1.0% in June and expanded 40.20% vs. the same month of 2020.
Focus now on the ECB event on Thursday. Analysts expect the central bank to keep the accommodative stance with a dovish tilt.
Pullback in the pair has bounced off from just above 200-DMA support. Oversold oscillators could cause some upside.
The pair has edged above 5-DMA and is eyeing 200H MA resistance at 130.02. Decisive break above could see carry forward in the upside momentum.
