EUR/JPY Holds Breath as US Trade Talks Heat Up and ECB’s Game-Changing Move Looms—What Investors Must Know Now!
For EUR/JPY, any shift in tone, particularly toward a more hawkish or data-dependent stance, could influence rate differentials and drive short-term direction.
EUR/JPY consolidates above moving average resistance
From a technical perspective, EUR/JPY remains in a consolidation phase following a pullback from the 173.25 YTD high, tested last week. The pair is currently trading above the 10-day Simple Moving Average (SMA) support, located near 170.90 with immediate resistance at the intraday high of 172.94, just below the 173.00 psychological level.
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