The EUR/JPY currency pair is experiencing upward momentum, climbing to approximately 180.90 during the early European session on Monday. This rise is largely attributed to the weakening of the Japanese Yen against the Euro, spurred by a disappointing revised Gross Domestic Product (GDP) report from Japan, which highlighted economic challenges.
As the exchange rate approaches the critical level of 181.00, bullish technical signals suggest potential further gains for the Euro against the Yen. Traders are closely monitoring these developments, as sustained strength in EUR/JPY could indicate a shift in market sentiment, with implications for broader trading strategies involving the USD and other major currencies.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 07:23
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.