By tredu.com • 6/18/2025
Tredu
EUR/JPY edged higher to around 166.80 during Wednesday’s early European trading session. The pair benefits from a softer Japanese Yen due to reduced expectations of a Bank of Japan (BoJ) rate hike.
The pair remains firmly supported above the crucial 100-day Exponential Moving Average (EMA) on the daily chart. The Relative Strength Index (RSI) stands near 66.00, signaling sustained bullish momentum in the short term.
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