Chart - Courtesy Trading View
EUR/JPY was trading 0.26% lower on the day at 142.27 at around 11:00 GMT, bias remains bullish.
Risk-off flows dominate and boost the safe-haven demand for the Japanese Yen amid the end-of-the-year thin market conditions.
Fresh Covid-linked prerequisites for Chinese travelers and doubts over Beijing’s reporting of data along with a jump in the virus numbers weigh on sentiment.
The Bank of Japan (BoJ) conducted unplanned bond-buying twice on Thursday. Yen little affected by the BoJ’s operations.
The BoJ offered to buy unlimited amounts of two- and five-year notes at a fixed yield and also JPY 600 billion yen of one-to-10-year bonds on top of a daily offer to buy 10-year debt at 0.5%
The pair has snapped a 4-day uptrend, finds stiff resistance at 21-EMA and cloud base. Decisive break above required for upside continuation
