EUR/JPY chart - Trading View
EUR/JPY was trading 0.08% lower on the day at 126.61 at around 08:20 GMT, extending previous session's weakness.
The pair has found some support at 200H MA on the intraday charts, break below could drag prices lower.
On the data front, German exports continued their recovery in December, beating expectations despite lockdown restrictions.
Germany's seasonally adjusted exports rose 0.1% in December, beating forecasts for a 0.5% decrease. Imports on the other hand fell 0.1% on month.
The country's trade surplus totaled 16.1 billion euros ($19.45 billion) in calendar and seasonally adjusted terms, lower than estimates at 16.5 billion euros.
Technical bias for the pair is not conclusive. Break below 200H MA could see dip till 21-EMA at 126.35. Major weakness only below daily cloud.
