The EUR/JPY currency pair is gaining momentum, trading around 183.50 in early European hours on Tuesday. This rise is driven by the weakening of the Japanese Yen against the Euro, primarily fueled by uncertainty surrounding the timing of the next Bank of Japan (BoJ) rate hike. As traders remain optimistic, the bullish sentiment in the market is influencing exchange rates.
The lack of clarity regarding the BoJ's monetary policy has left the JPY vulnerable, allowing the EUR to capitalize on this volatility. With a positive risk tone prevailing in the market, the upward trajectory of the EUR/JPY could signal further gains, potentially pushing the pair even higher if bullish trends continue. As investors closely monitor these developments, the implications for trading strategies may shift, particularly for those focused on cross-currency movements.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 05:51
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.