EURJPY Chart Technical Outlook trades south on dovish ECB, bears eye 156.60
EUR/JPY trades in a falling wedge ahead of this Friday’s BoJ meeting. The recent comments from the bank Governor Ueda were hawkish, citing a near end to the negative interest rates – JPY appreciated.
EUR is under pressure from the recent dovish hike of the ECB.
The pair has room for the downside.
Resistances: 157.90, 158.60
Supports: 157.00, 156.60