Forex
EUR/JPY Consolidation Ahead of ZEW Survey Release
The EUR/JPY currency pair is currently trading at ¥179.23, showing a modest gain for the session.
The pair sits above its short- and medium-term moving averages but remains below the longer-term average.
Investors are watching for updates from the ZEW Survey for Germany and the Eurozone, which could introduce changes in market sentiment.
The EUR/JPY is expected to remain within a typical volatility band between ¥178.33 and ¥180.13 over the next 2-3 trading days, with a 64% probability of an upward move.