EURJPY

Key Indicators

• The currency pair is trading within a well-defined ascending channel and is witnessing a modest rebound from the lower trendline support, indicating a short-term rebound.

Fundamental Context

The euro is attempting to recover against the Japanese yen but is finding it tough as the euro remains under pressure. Investors are now focused on updates on US-Iran negotiations, upcoming US economic releases, and speeches by several ECB policymakers for new trading cues.