EUR/JPY Consolidates Below 134.00 Level

The common European currency has been trading sideways against the Japanese Yen since May 27. The currency pair maintained the sideways movement during Wednesday’s trading session.

All things being equal, the EUR/JPY exchange rate is likely to continue to consolidate below the 134.00 level during the following trading session.

However, technical indicators suggest that bullish traders could pressure the currency exchange rate higher during Thursday’s trading session.

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