Chart - Courtesy Trading View
EUR/JPY was trading 1.60% lower on the day at 131.41 at around 10:30 GMT.
The pair plunged lower to test 2-month lows just above 134 handle before paring some losses.
The re-emergence of the risk aversion put the pair under extra pressure as markets move towards haven-assets.
Further adding to the downside pressure was moderate demand for bonds which pushed the German 10y yields to shed ground for the third session in a row.
On the other side, ECB’s Board member Kazimir joined the July-rate-hike bandwagon earlier in the session, inline with members' comments so far this week.
EUR/JPY trades with a bearish bias. The pair is poised to test daily cloud support.
Momentum strongly bearish. Break into daily cloud will drag the pair lower. Little support seen till 200-DMA at 131.


AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Crypto levels and bias summary
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
FxWirePro- Major Pair levels and bias summary
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro: GBP/NZD recovers some ground but bearish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage 



