EUR/JPY Remains in a Narrow Range

The risk aversion provides some strength to Yen, safe-haven currency, which maintains the bullish trend for EUR/JPY in 121.00 regions.

EUR/JPY fell for a second consecutive session with low trading volume due to the Independence Day holiday in the United States.

Investors continue to evaluate the latest data besides Covid-19 headlines and reopening of the economy. These factors will continue to determine sentiment direction in the markets during the second half of the year.

Euro movements were marginal today despite the data of services PMI for the month of June in the eurozone above the initial reading.