The German ifo Business Climate data (Actual: 98.8, Forecast: 99.0, Previous: 99.6 revised from 99.4) released last Friday slipped amid ongoing supply chain issues.
The European Central Bank President Lagarde will be testifying before the Committee on Economic and Monetary Affairs later at 1945 (GMT+8). During this time, there may be volatility in EUR.
The Bank of Japan will be releasing the minutes for the recent monetary policy meeting tomorrow at 0750 (GMT+8).
Currently, EUR/JPY is testing the resistance zone of 130.000 and the next support zone is at 128.500. Look for short-term selling opportunities of EUR/JPY if it bounces off the resistance zone of 130.000.