Chart - Courtesy Trading View
EUR/JPY was trading 0.06% higher on the day at 143.34 at around 05:50 GMT.
The pair has paused a 2-day downtrend as markets await Eurozone inflation data for further impetus.
Analysts expect that eurozone headline HICP will decline to 10.4% vs. the prior release of 10.6%. While the core HICP is seen unchanged at 5%.
Decline in inflationary pressures will bring some relief to the European Central Bank (ECB), but may not ease the odds of a higher rate hike announcement.
On the other side, an improvement in investors’ risk appetite has reduced demand for the Japanese yen, keeping scope for downside.
Technical bias for the pair is bearish. Scope for dip till 110-EMA at 142.03. Bearish invalidation only above 21-EMA.


FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Major Pair levels and bias summary
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
FxWirePro: EUR/NZD edges lower but bullish outlook persists
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD remains bullish as rally continues
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption 



