EURJPY currency pair recently broke through the resistance zone between the resistance level 186.0 (top of wave b from February) and resistance level 186.85 (top of wave 1 from January)
While USD/JPY is often the focal point and usually the market being carefully tracked by the Finance Ministry, it's EUR/JPY and GBP/JPY that are stealing the show right now with the latter pushing up to re-test the 215.00 level and the former breaking out to a fresh all-time-high.
EUR/JPY slips as US-Iran talks collapse, higher energy prices boost BoJ tightening bets
EUR/JPY holds losses near 186.50 as US–Iran talks fail
EUR/JPY extends gains on Ukraine peace hopes, nears YTD highs at 186.88
EUR/JPY Price Forecast: Eyes upper ascending channel boundary near 186.50
EUR/JPY Price Forecast: Rebounds above 185.00 toward upper ascending channel boundary
EUR/JPY advances above 185.00 as fiscal expansion pressures Japanese Yen
EUR/JPY Price Forecast: Trades near 185.00 after pulling back from upper channel boundary
EUR/JPY trades near 185.00 after losing recent gains
Donald Trump has signalled the US and Iran may be nearing a lasting deal to end the Iran war, posting on Truth Social moments ago that he has agreed to a two-week ceasefire, conditional on Iran reopening the Strait of Hormuz. He also said the US has received a “workable” 10-point proposal from Tehran, adding that almost all key points of contention have already been agreed, with the two-week window intended to finalise the agreement.
EUR/JPY appreciates on Yen weakness, nearing March highs at 184.75