Yen subdued on BOJ Governor Kuroda’s comments delivered over the weekend, citing that there is still more room for easing.
EUR/JPY has broken major resistance by 20-DMA at 113.71, we see scope for test of next major hurdle at 114.40 (falling ).
Support on the downside is seen at 113.35 (5-DMA), break below will see next major support at 112.60 (rising ).
With no major data due for release today, broader market sentiment should influence the pair.
Good to long on dips around 113.60/65, SL: 113.20, TP: 114/ 114.40/ 114.80