• EUR/JPY faces a 0.17% decline as Japan's core inflation rise hints at a possible end to negative interest rates.
• Technical patterns, including a 'bearish harami', suggest further downside, with key levels to watch at 162.56 and 162.00.
• Recovery above 163.00 could open the path to 164.00, contingent on overcoming resistance near the week's high at 163.72.

The EUR/JPY is dropping late in the North American session, set to register losses of around 0.17% on Tuesday. A rise in core inflation in Japan sparked speculation that the Bank of Japan (BoJ) could increase interest rates, ending the negative interest rate cycle. Therefore, the cross-pair trades at 163.22 after hitting a daily high of 163.52