EUR/JPY chart - Trading View
EUR/JPY dives over 4% to hit session lows at 117.95 before paring some losses to trade at 118.07 at around 09:55 GMT.
The single currency losing upside momentum, final March CPIs in Euroland, German IFO take center stage this week.
On the other side, reviving safe-haven demand amid persistent worries over the economic fallout from the coronavirus pandemic underpinned the JPY.
The pair looks set for downside resumption after rejection at 21-EMA, technical bias is also turning bearish.
RSI is turning south and holds below 50 mark. Stochastics are turning south. Price action has broken below 5-DMA.
Major trend in the pair is bearish and minor trend is turning bearish after Doji formation in previous sessions trade.


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