EUR/JPY Soars Past 200-Day SMA and 163.00 Mark, Reaches Highest Point Since January
The EUR/JPY cross attracts strong buyers for the third consecutive day on Tuesday, climbing beyond a critical 200-day Simple Moving Average (SMA) during the Asian session. This positive momentum pushes spot prices to the 163.35 area, marking the highest level since January 27. The rise is supported by a weaker Japanese Yen (JPY) as market sentiment shifts.