• EUR/JPY has been trading in a narrow range between 114 and 112.30 since 3rd Aug.
   
• The pair finds major trendline support at 112.45, weakness only on break below.
   
• On the upside 20-DMA at 113.97 is immediate resistance ahead of 114.90 (falling trendline).
   
• The major trades with a neutral bias, techs are inconclusive and we prefer to remain on the sidelines for now.
   
• Break below 112.45 will see test of 111 levels, while break above 114 could find next resistance at 115.
   
• Focus remains on eurozone final CPI report and ECB monetary policy accounts due later in the European session.