EURJPY Price Outlook: Bullish Momentum Above 163.00
EURJPY experiences a temporary decline, hovering around 163.15 in early European trading. The Japanese Yen (JPY) shows strength against the Euro (EUR), driven by persistent trade uncertainties and geopolitical risks that elevate safe-haven appeal. Despite this recent drop, the overall outlook for EURJPY remains bullish as long as the cross continues trading above the 163.00 threshold. Analysts are analyzing market conditions closely to determine the potential for further rises in this currency pair as investor sentiment swings.