EUR/JPY chart - Trading View
EUR/JPY was trading 0.12% lower on the day at 129.91 at around 09:00 GMT.
The pair was off session highs after data released earlier on Monday showed German IFO Business Climate Index unexpectedly drops in July.
The headline German IFO Business Climate Index unexpectedly fell to 100.8 in July, missing consensus estimates of 102.1 versus last month's 101.7.
The Current Economic Assessment printed at 100.4 points in as compared to last month's 99.7 and lower than 101.6 expected.
Further, the IFO Expectations Index dropped sharply to 101.2 in July from the previous month’s 103.7 reading and the market expectations of 103.3.
Technical indicators point to some upside in the pair, but downbeat German IFO survey weighed on the single currency across the board.
5-DMA has turned north, Stochs are showing a rollover from oversold levels and MACD shows a bullish crossover on signal line.
The pair is extending choppy trade below 130 mark. Stiff resistance is seen till 130.47. Breakout above will fuel further upside.


AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Major Pair levels and bias summary
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Major European Indices
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD loses momentum but bullish setup remains 



