The EUR/JPY currency pair experiences a slight decline, trading around 162.60 during Wednesday’s Asian session. After a notable 1% increase in the previous trading session, the market seeks fresh directions. Technical analysis shows the pair remains in an ascending channel, indicating a persistent bullish trend. Traders are currently focused on the nearby support levels, particularly the 14-day Exponential Moving Average (EMA). Surveillance of price movements is essential as the currency market adapts to evolving investor sentiments. Analysts suggest monitoring global economic developments that could influence the EUR/JPY exchange rate significantly in the coming days. Market participants are encouraged to stay informed on economic indicators that may dictate trend shifts.