EUR/JPY has halted its two-day winning streak, pulling back from a four-week high marked at 162.47. This significant reversal points to mixed economic data released from the CESifo Group, affecting trading dynamics. The currency pair trades around 161.30 during European hours, reflecting ongoing volatility influenced by broader market sentiments. Analysts suggest that traders should remain cautious as any new data could sway the trading patterns once again. Investors are watchful for any signs that could indicate a change in market direction.