The EUR JPY cross continues its upward trajectory following a recovery from the psychological support level at 160 00, which marks a nearly one month low. The spot prices are currently trading positively around the 161 75 161 80 range, indicating an increase of nearly 0 45 for the day. This upward momentum showcases a strong interest from buyers during the initial phase of the European session. As the cross approaches the critical resistance zone of 162 20 to 162 25, traders should watch for potential breakouts or reversals in this area. Investors are keenly observing how the market reacts as the EUR JPY prepares to test this significant confluence. Market sentiment may shift depending on the economic indicators that surface in the coming days. Keeping a close eye on upcoming announcements will guide trading strategies effectively in this evolving market environment.