EUR/JPY is advancing for the second session in a row on Tuesday, extending the bounce off recent lows in the 117.00 neighborhood and always supported by the better tone in the riskier assets.
The greenback is quickly losing ground amidst month-end flow adjustments and despite US-China trade concerns remain well unabated and the global outlook continues to point to the downside.
Later in the session, markets’ attention will be on the release of the US Consumer Confidence, housing data, and regional manufacturing gauges. Earlier in the day, the German Consumer Climate rebounded from lows and came in at -18.9 for June.
EUR/JPY Short (Sell)
ENTER AT: 118.5