The single European currency remained stable against the Japanese Yen on Monday. The currency pair traded below the 122.00 level during yesterday’s trading session.
Everything being equal, bullish traders could push the exchange rate higher during the following trading session. The possible target for EUR/JPY pair would be near the 122.99 area.
However, technical indicators demonstrate that the currency exchange rate could continue to edge lower in a descending channel pattern during Tuesday’s trading session.
