EUR/JPY's upswing from a support zone got me looking at its potential resistance levels ahead of European Central Bank's (ECB) policy decision!
Earlier this week, the Japanese yen got a boost from talks that the Bank of Japan (BOJ) may discuss slowing down its bond purchases as early as next week.
It may have also helped the safe haven that weaker-than-expected U.S. and French manufacturing PMI releases got the markets worrying about global growth and the impact of a "higher-for-longer" interest rate environment even as the ECB and the Fed are expected to cut their interest rates in the next few months.
Luckily for the other non-safe haven currencies, the yen also pulled back from its intraweek gains.