The EUR/JPY cross is gaining momentum as it pushes back above the 160.00 mark during Thursday’s Asian session. This movement comes after the pair had touched its lowest point since early October at around 159.10. The recent uptick is primarily driven by fresh selling pressure around the Japanese Yen (JPY). As the Euro strengthens against the Yen, traders should consider the implications for their positions. Moving forward, watching for potential resistance levels and market sentiment around key economic indicators will be crucial. This rally could hold significant opportunities if momentum continues to build.