EUR/JPY Attracts Buyers Above 172.50 as Risk-On Sentiment Grows
The EUR/JPY cross is drawing buyers, trading around 172.60 during the Asian trading hours on Monday. There remains uncertainty regarding the timing of the next interest rate hike by the Bank of Japan (BoJ). This uncertainty, coupled with growing risk-on sentiment, continues to weigh on the Japanese Yen, providing a tailwind for the EUR/JPY cross.