Sell on a level breakthrough of 134.16 with 133.14 target. Stop loss = 134.66.
Reason for the trading strategy
The simultaneous weakness of the euro and the yen against the US dollar does not allow the EUR/JPY pair form a clear trend. Today the inflation statistics in Spain puts some pressure on the euro. In September, consumer price inflation in the euro zone's fourth largest economy decreased from - 0.4% to - 0.9% in annual terms.