EUR/JPY chart - Trading View
EUR/JPY was trading largely unchanged at 129.51 at around 09:20 GMT, with session high at 129.76 and low at 129.30.
The pair is consolidating previous session's break above 200-DMA resistance, with poor Gfk data providing little help.
The September German GfK consumer climate index dropped to -1.2 earlier Thursday, falling from a revised -0.4 for August and much below -0.7 expected.
Data indicated that sentiment is weakening in Europe’s main growth driver and weighed on the single currency.
Further, new Covid infections hit a three-month high in Germany, according to data released on Wednesday, denting sentiment.
EUR/JPY is struggling to extend previous session's gains. ECB's meeting minutes are awaited for further impetus.
Resumption of upside will see test of daily cloud. Failure to hold above 200-DMA will negate any further upside.
