EUR/JPY retreats from session highs, flirts with 121.00 handle

The bid tone around Yen gathered pace, pushing EUR/JPY lower to 121.00 handle from the session high of 121.55.

Eyes Eurozone PMI numbers

Eurozone PMI manufacturing data is likely to show the pace of expansion in the activity remained largely unchanged in November. Meanwhile, German manufacturing PMI is seen unchanged as well.

Apart from the data, the focus will be on the broader market sentiment, which is at the mercy of the action in the oil prices.

EUR/JPY Technical Levels

The cross was last seen trading around 121.10. A break below 121.00 would open doors for a deeper retracement to 120.05 (hourly 50-MA) and 119.73 (hourly 100-MA). On the other hand, a break above 121.55 (session high) would open doors for 122.00 (Brexit day high) and 122.70 (June 7 high).