EUR/JPY risks tilted to the downside - FXStreet

Valeria Bednarik, chief analyst at FXStreet noted that the EUR/JPY bounced from a fresh over 3-year low established at 108.99 at the beginning of the day, but remains unable to regain the 120.00 mark.

Key Quotes:

"The Japanese yen outperformed its major rivals, underpinned by safe-havens' demand, and mixed data coming from China, which  sparked concerns over the economic recovery in the world's second largest economy. Now trading around the 119.80 level, the daily chart shows that the pair has been steadily posting lower lows and lower highs, suggesting that the downward potential is still strong, and if spite of the intraday recovery."