EUR/JPY: awaiting Central Bankers for directional strength - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the EUR/JPY pair consolidated around Tuesday's close for most of the day, with an early spike up to 113.09 being quickly reverted. Speculative interest pared yen buying, but it's not yet interest in unwinding long positions, just waiting for clearer clues coming from central bankers. 

Key Quotes:

"Japan will release its retail sales figures for August, while BOJ's Kuroda is expected to speak at the National Securities Industry Convention, in Tokyo during the upcoming Asian session that can imprint some life to JPY pairs.

Technically, and in the short term, the 1 hour chart presents a neutral-to-bearish stance, as the price retreated after testing the 100 SMA, while technical indicators turned modestly lower around their mid-lines."