EUR/JPY eases pace around 130

Today the pair is traded flat around a 130 benchmark, where the price closed yesterday. Since there are no important news in the market, traders experience an absence of economic indicators on major economies. Most recent data from the U.S. and Australian labour markets signalled positive changes, and this should lead to increased demand for more risky assets, such as the Euro.

Still for now, investors are keen to stay conservative, as most of opened positions (64%) are short. Seems that traders do not believe in easy recovery of world's economy and bet on the safe haven securities. Pending orders market is skewed towards the bearish side, since 56% or placed orders are to sell the common currency.