EUR/JPY chart - Trading View
EUR/JPY was trading largely unchanged at 128.55 at 11:20 GMT, having made session high of 128.93 and low of 128.35.
The single currency awaits crucial German Consumer Price Index (CPI) data due at 13:00 GMT for trading impetus.
German CPI is expected to rise 0.5% month-on-month in February versus 0.8% in the previous month.
A weaker-than-expected data would validate the European Central Bank's dovish stance and weigh on the common currency across the board.
However, the euro could find bids if the ECB steps up bond purchases to stem the rally in the government bond yields.
Technical bias for the pair remains bullish. 200H MA is strong support, break below could drag the pair lower. Dip till 21-EMA at 127.64 likely.
