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    EUR/JPY Price Forecast: The cross keeps bullish vibe above 163.00 ahead of BoJ rate decision

    Author AvatarBy Ruby Chambers No Comments 13 Mins Read
    • EUR/JPY extends upside to around 163.05 in Thursday’s early European session. 
    • The positive outlook of the cross prevails above the 100-period EMA with a bullish RSI indicator. 
    • The immediate resistance level emerges at 163.55; the first downside target to watch is 162.32.

    The EUR/JPY cross extends the rally to near 163.05 during the early European trading hours on Thursday. The uptick of the cross is bolstered by the risk-on mood in the financial markets. Investors will closely monitor the Bank of Japan (BoJ) interest rate decision on Friday for fresh catalysts. 

    Traders have priced in a nearly 90%

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    She is a seasoned financial market analyst, specializing in Forex and cryptocurrency news. With a sharp eye for trends and a deep understanding of global markets, she provides insightful commentary and analysis, helping traders and investors stay informed and make strategic decisions. Her expertise bridges the gap between complex market data and practical, actionable advice.

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