- Intervention hesitations by Japanese authorities refrained EUR/JPY bulls from entering the market.
- If EUR/JPY pierces the two-week support trendline, the pair might drop inside the Kumo.
- Short-term, the pair remains bearish, with their sight set at 156.00.
The EUR/JPY dropped towards the top of the Ichimoku Cloud (Kumo) at around 156.80 but jumped off that level and reclaimed the 157.00 figure as the Asian session began. The EUR/JPY prints minuscule losses of 0.06%, exchanging hands at around 157.02.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased