EUR/JPY has continued its upward trajectory, trading around 184.30 during the Asian session on Monday. This marks the second consecutive day of gains for the currency pair, as it approaches record highs near the 185.00 level. The bullish momentum is supported by a technical analysis of the daily chart, which reveals a 14-day Relative Strength Index (RSI) reading of 61, indicating strong momentum without entering overbought territory.
The ongoing strength of EUR/JPY can be attributed to positive sentiment surrounding the Eurozone and a generally weaker USD, which has influenced exchange rates across various pairs. As traders closely monitor these developments, the potential for the Euro to gain further against the Yen remains, with key resistance levels to watch near the psychological mark of 185.00. Market participants are keen to see if this momentum can be sustained in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-12 04:50
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.