UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
EUR/JPY chart - Trading View
EUR/JPY slumps on the day, trades 0.88% lower at 119.80 at around 09:50 GMT
The pair has retraced below 200-DMA and has failed to hold break above daily cloud.
The Japanese yen benefited from reviving safe-haven demand amid the prevailing caution across markets.
Mounting fears over an imminent global recession likely to keep downside pressure in the pair.
Technical studies for the pair are neutral. Close below 200-DMA will reinforce further downside in the pair.
Upside finds stiff resistance at 50W MA at 120.56. 21-EMA is immediate support at 119.40 ahead of 200H MA at 119.15.
Support levels - 119.40 (21-EMA), 119.15 (200H MA)
Resistance levels - 120.17 (5-DMA), 120.66 (Cloud top)
