EURJPY Chart Technical Outlook picks up bids to renew intraday high, consolidates the biggest weekly loss in five.
Yields recover as fears of economic slowdown join US-China jitters.
Mixed German data and fears of Japan’s intervention weigh on prices.
Eurozone PPI, risk catalysts will be crucial for clear directions.
EUR/JPY prints mild gains around 157.35-40 as it pares the previous day’s losses heading into Wednesday’s European session. In doing so, the cross-currency pair traces the upbeat US Treasury bond yields amid fears of the economic slowdown and chatters surrounding Japan’s meddling to defend the Yen.