The EUR/JPY currency pair is currently testing the 183.15 resistance level as traders await key central bank decisions. The exchange rate reflects a cautious market sentiment, especially with the Bank of Japan's anticipated interest rate hike on Friday. This expectation has not yet provided significant support for the Yen, keeping it on the defensive against the Euro.
Market dynamics are heavily influenced by the contrasting monetary policies of the European Central Bank and the Bank of Japan. While the Euro has gained traction, the Yen struggles as the BoJ's potential shift in policy remains uncertain. Traders are closely monitoring these developments, as a successful break above 183.15 could signal further bullish momentum for EUR/JPY, while a failure may lead to a reevaluation of positions ahead of the central bank announcements.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 08:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.