The EUR/JPY gave a weak tk cross ( the tk cross was above the kumo)
The market has been choppy which means the indicator right now is oscillating.
But the markets current condition trend did print a lower low and a lower high.
We are currently at a near term .
Now, the 161.8 is on the above is lined up with a weekly charts flat kumo bottom.
The weekly completed a e/nt wave combination. ( a mix of a e wave and a nt wave)
Also, price likes to gravitate towards flat kumos. Flat kumos are the equilibrium.