• EUR/JPY edges above 117 handle following the release of better-than-expected German factory gate prices data.
   
• Data released earlier today showed German June PPI m/m came in at +0.4% vs +0.2% expected and +0.4% last, while y/y stood at -2.2% vs -2.4% expected vs -2.7% previous.
   
• But the pair failed to hold on to gains, slips below 117 handle, techs on intraday charts have turned bearish. We see scope for test of 115.50 levels.
   
• UK employment data and euroarea consumer confidence in focus. Flash estimate for euro area consumer confidence in July is one of the first releases for the euro area covering the post-Brexit period. 
   
• ECB meeting due on Thursday followed by the press conference by President M.Draghi will also impact the pair.
   
• Immediate resistance on the upside is seen at 117.11 (1H 100 SMA), bearish invalidation only on breaks above 117.60 levels.