FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (EURUSD and USDCHF) for the day)
FxWirePro: EUR/JPY rangebound below 5-DMA, euro little changed on mixed German data
Chart - Courtesy Trading View
EUR/JPY was trading largely muted at 142.61 at around 06:40 GMT, with session high at 142.86 and low at 142.36.
The single currency was little changed after mixed German Retail Sales data, outlook is slightly bearish.
Data released earlier on Thursday showed Germany's Retail Sales rose by 0.6% MoM in May versus 0.5% expected and -5.4% last.
On an annualized basis, the bloc’s Retail Sales came in at -3.6% in May, below -2.0% expected and -0.4% booked in April.
Technical bias for the pair has turned slightly bearish on the intraday charts. Price action has slipped below 200H MA.
Minor recovery attempts remain capped at 5-DMA. Scope for downside resumption, test of 21-EMA likely.