Chart - Courtesy Trading View
EUR/JPY was trading largely unchanged at 140.20 at around 12:10 GMT, slightly lower from multi-month high at 140.62 hit earlier on the day.
Traders remain cautious as focus remains on this week’s European Central Bank (ECB) meeting for further impetus.
The ECB at its policy announcement in June is expected to solidify expectations for interest rates going positive by the end of Q3.
Focus will be on President Christine Lagarde’s tone on the prospect of further tightening as markets gauge the outlook for 2023.
EUR/JPY has potentially peaked and is showing signs of exhaustion. Doji formation shows traders indecisiveness to take prices higher.
Technical indicators are still biased higher, but retrace below 200H MA could change near-term dynamics.


FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD steadies ahead of ECB meeting
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 



