The EUR/JPY currency cross is experiencing selling pressure around 163.25 during the early European trading session on Thursday. The Japanese Yen (JPY) has regained strength against the Euro (EUR) as market participants price in expectations that the Bank of Japan (BoJ) will continue to raise interest rates this year. This prevailing bullish sentiment for EUR/JPY remains intact as long as the price maintains above the 163.00 level. Forex traders are advised to remain vigilant about upcoming economic data and central bank announcements that could significantly impact market conditions in this currency pair.