EURJPY is testing the possible supportEURJPY is on the radar.
After the announcement of US tariffs, the market will stop pricing them in and will focus on other drivers. As stock indices are dipping across the globe, the carry trade remains to stay a “no brainer investment”, as borrowing costs for the Yen are still quite low, and according to consensus forecasts, inflation in Japan might have peaked.
EURJPY is located in a long-term consolidation. Should hawkish expectations in the Eurozone escalate, we can observe EURJPY to break the upper side of the trading range with extension of volatility. That would represent a decent trading opportunity with a potential low risk and extended reward.
Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
