EUR/JPY has continued its upward momentum, trading around 185.50 on Tuesday, reflecting a 0.50% increase for the day. This marks the third consecutive session of gains for the currency pair, reaching a multi-year high of 185.54 earlier in the trading day. The yen's decline can be attributed to ongoing political uncertainty and a cautious stance from the Bank of Japan.
As the exchange rate of EUR/JPY rises, traders are closely monitoring the implications of the yen's weakness against the euro. The fluctuations in this currency pair highlight the broader market dynamics influenced by geopolitical factors and central bank policies. With the USD also showing volatility, the euro's strength against the yen suggests a period of favorable conditions for EUR-based trades.
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Data Source: FX Killer Analysis Team Updated: 2026-01-13 10:51
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.