In addition to the overall increase in demand for the yen, fueled by the 3.0% rise in the index of prices for corporate services in Japan, instead of the expected 2.6%, the EUR/JPY pair received an additional stimulus for further decline - negative indicators of business activity index in France, business expectations index, assessment of the current situation, and business climate index in Germany. The target for short positions is the basis of the 164th figure (Murray 1.8). The potential of this support is sufficient to halt the downward movement and even trigger a correction.
