EURJPY

Key Indicators

• Despite the downtrend, the currency pair has rebounded once again from the key demand zone, 178.00/177.80, with oversold conditions. Therefore, closely monitor the next US trading session for further technical rebound if the price stays above the support zone.

Fundamental Context

Investors should also closely monitor the geopolitical updates and comments from central bank policymakers. While short-term volatility may present upside risks, the broader trend remains bearish.