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JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
EUR/JPY chart - Trading View
EUR/JPY was trading 0.20% higher on the day at 129.39 at around 07:00 GMT, after closing 0.11% lower in the previous session.
Chatters of reflation fears and the ECB’s bond purchase moves keep pressure on the single currency.
The pair was consolidating gains above 21-EMA, technical indicators keep scope for upside.
RSI is above the 50 mark and bias is higher. Stochs are on verge of bullish rollover from oversold levels.
Price action is above daily cloud and Chikou span is biased higher. GMMA indicator shows major trend is bullish.
Focus on the preliminary reading of Germany’s March month Harmonized Index of Consumer Prices (expected 2.0% YoY versus 1.6% prior).
Also of relevance is the Eurozone Consumer Confidence for March, expected to remain unchanged at 10.8%, as well as Business Climate figures for the said month.
