2025-02-16 23:38
IndustryBullish Outlook on EUR/JPY
The EUR/JPY pair maintains a bullish bias, supported by both fundamental and technical factors.
Fundamentally, the Bank of Japan (BoJ) continues its ultra-loose monetary policy, keeping interest rates near zero, while the European Central Bank (ECB) is holding rates higher for longer. This widening interest rate differential supports demand for the euro over the yen. Additionally, risk-on sentiment in global markets reduces demand for the safe-haven JPY, further strengthening EUR/JPY.
If bullish momentum persists, EUR/JPY could extend gains toward 165.00 in the medium term.
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Bullish Outlook on EUR/JPY
| 2025-02-16 23:38The EUR/JPY pair maintains a bullish bias, supported by both fundamental and technical factors.
Fundamentally, the Bank of Japan (BoJ) continues its ultra-loose monetary policy, keeping interest rates near zero, while the European Central Bank (ECB) is holding rates higher for longer. This widening interest rate differential supports demand for the euro over the yen. Additionally, risk-on sentiment in global markets reduces demand for the safe-haven JPY, further strengthening EUR/JPY.
If bullish momentum persists, EUR/JPY could extend gains toward 165.00 in the medium term.
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