EURJPY

Key Indicators

• Momentum indicators favour downside over upside, increasing the appeal of further downside.

• The upside pressure weakened amid a solid ceiling.

Fundamental Context

The EURJPY general trend remains upward, but its attempts to move higher have been limited following the recent pullback. Looking ahead, the sustainability of any gain in the pair this week will largely depend on the Fed meeting outcome and geopolitical developments.