EUR/JPY Forecast may 23, 2016, Technical Analysis

The EUR/JPY pair rose slightly during the course of the session on Friday, but still remains well within the consolidation area that we have been in for some time. With that being the case, the market looks as if it is volatile, and probably not worth being bothered with as there is no real direction at the moment. We are on the sidelines, but will keep you informed as to what we see here at FX Empire when it comes to the EUR/JPY pair. Keep in mind that the market is heavily influenced by risk appetite.