JPY to EUR Exchange Rates & Currency Deals

Current market bias: Bearish. - The interest rate differential has shifted favorably for JPY, as the Bank of Japan (BOJ) has raised rates more aggressively than the European Central Bank (ECB). - Improved business sentiment in Japan signals confidence in economic growth, attracting investment to the yen. - Rising defense spending in Japan is bolstering economic stability amid regional tensions. Near-term range: The EUR/JPY pair is likely to trade within a range reflecting recent lows but is still elevated compared to the 3-month average. What could change it: An upside risk could emerge from strong economic data from the Eurozone, boosting euro confidence. Conversely, a downside risk exists if geopolitical tensions escalate, potentially supporting the yen further. --- The EUR/JPY pair is bearish as the ECB holds rates steady while the BOJ raises them sharply. This shift leans the rate differential in favor of the yen. Increased business sentiment in Japan strengthens its economy, while rising defense spending adds stability