During the early European session on Tuesday, the EUR/JPY cross sits in negative territory at approximately 162.70. The increasing anticipation of another interest rate hike by the Bank of Japan (BoJ) strengthens the Japanese Yen against the Euro. As the market reacts to these evolving expectations, traders must remain vigilant. Observing further developments from the BoJ’s policies will be key to understanding the dynamics in play between these two significant currencies.