EUR/JPY struggling to find movement in either direction on holiday Monday

• The Euro and the Yen are trading places with holiday volumes keeping overall market direction muted.
• It's a thin showing on the macro calendar until EU CPIs on Wednesday.

The Euro is middling against the Yen in early Monday action, trading around the 131.00 handle with entire sections of the broader markets still on holidays for Easter Monday celebrations.

The macro calendar is a thin showing for the early week, but Eurozone preliminary CPIs on Wednesday at 09:00 GMT will provide liquidity as traders get a look at inflation for the European continent in March as a minor slump in economic activity threatens the European Central Bank's prospects for rate increases in the future.

Japan saw the Tankan Manufacturing indicators miss their overall forecasts at the outset of the new week, but the Yen is shaping up to be resilient, with traders focusing on what the US' reaction will be to China's tariff follow-through over the weekend.

EUR/JPY Levels to watch

The pair is struggling to catch a break from selling pressure on the Daily candles, still treading water beneath the 200-day SMA and capped by lower highs, with resistance currently sitting at last week's swing high at 131.55 and March's high near 132.40, and support pricing in from last week's lower  consolidation boundary at 130.60 and the last swing low at 129.20.