FxWirePro: EUR/JPY rangebound ahead of EU jobs data, finds strong support at 200-DMA

EUR/JPY chart - Trading View 

EUR/JPY was trading in a narrow range with session high at 129.96 and low at 129.68.

The single currency under pressure ahead of Eurozone unemployment data. 

ECB President Christine Lagarde has distanced the ECB from the move towards tighter monetary policy and promised not to overreact to transitory supply shocks.

Signs that the European Central Bank (ECB) will remain dovish for some time weighs on the euro cross.

On the other side, the Japanese yen supported after the Bank of Japan (BOJ) Governor Haruhiko Kuroda said that the central bank will maintain its massive stimulus to support the economic recovery. 

On the data front, Japan Housing grew 7.5% in August on a yearly basis, while Retail sales fell 3.2% more than market expectations of a 1% drop.

Technicals for the pair are neutral. The pair trades pivotal at 200-DMA support, break below will see weakness.

Focus now on Eurozone Unemployment Rate along with ECB Panetta's speech to gauge the market sentiment.