The EUR/JPY currency pair surged to new record highs, climbing above 185.55 as the Euro gained strength against a weaker Japanese Yen. This upward movement marked a reversal from Wednesday's losses, with the pair reaching 185.75 during Thursday's European trading session. Traders are positioning themselves ahead of the Bank of Japan's upcoming policy decision, driving the Yen lower and boosting demand for the Euro.
The weaker Yen has provided significant support for the Euro, which has been capitalizing on the opportunity to push higher. This technical breakout above the 185.55 level signals strong bullish momentum, with traders now eyeing further potential upside. As the market anticipates the BoJ's decision, volatility could intensify, potentially influencing the EUR/JPY exchange rate in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-22 13:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.