Chart - Courtesy Trading View
EUR/JPY was trading 0.69% lower on the day at 141.99 at around 16:20 GMT.
The pair is extending downside for the second straight session, slips below 5-DMA.
EU approved the eighth package of sanctions against Russia, including a price cap on Moscow’s crude oil and refined products.
On the data front, Eurozone’s Retail Sales fell by 0.3% MoM in August versus -0.4% expected and -0.4% last, the official figures released by Eurostat showed on Thursday.
On an annualized basis, the bloc’s Retail Sales printed at -2.0% in August versus -1.2% recorded in July and -1.7% estimated.
GMMA indicator has turned bearish on the intraday charts. Watch out for break below 200H MA for more weakness.
