Following the recent ECB update, the outlook for EUR/JPY remains cautious. While the ECB is still on a path to implement two rate cuts, the combination of fiscal stimulus measures and inflation concerns may limit any further easing beyond 2025. Traders should keep a close eye on ECB statements and economic reports, as changes in rate expectations can lead to significant fluctuations in EUR/JPY. Staying informed will be key for navigating these currency market developments effectively.