EUR/JPY Bulls Eye breakoutEURO / JAPANESE YENFX_IDC:EURJPYCityIndexThe euro was the second strongest FX major on Tuesday thanks to a stronger-than-expected ZEW report. it took second place to the Swiss franc, where USD/CHF fell to a 10-year low. Though the weaker yen environment also saw EUR/JPY outperform, and it now appears to be on the cusp of a bullish breakout. It has a well-established bullish trend on the daily chart, and unless we see a surprise surge of bearish volatility arrive soon, dips could remain favourable for bulls. The bias is for a move to the 2024 high (4) while prices remain above the handle. Matt Simpson, Market Analyst at City Index and Forex.com (part of StoneX)