The common European currency consolidated below the 131.21 level against the Japanese Yen on Tuesday. The currency pair traded between the 130.50/131.21 area during Tuesday’s trading session.
Technical indicators suggest buying signals on the daily time-frame chart. Most likely, the EUR/JPY exchange rate could edge higher within this session.
However, the resistance level at 131.21 might still provide resistance for the currency exchange rate during the following trading session.
