EUR/JPY Hits Over Two-Week High: What’s Driving this Surge?
The EUR/JPY currency pair has extended its bullish trend, marking its fourth consecutive day of gains. The pair has surged to a notable over two-week high during the Asian session on Wednesday. This uptick is attributed to an increased selling pressure on the Japanese Yen (JPY), which creates a favorable trading environment for the euro. Analysts suggest that continued momentum beyond the 173.00 mark will depend on further developments in regional economic indicators and the broader market context. Traders are eager to see how long this trend will sustain, particularly in light of ongoing monetary policy discussions.