EUR/JPY Slides on Hawkish BoJ Comments, Weak Eurozone Inflation

EUR/JPY tumbled on Thursday, snapping a two-day win streak, following hawkish remarks from a Bank of Japan (BoJ) official and disappointing inflation figures from the

EUR/JPY tumbled on Thursday, snapping a two-day win streak, following hawkish remarks from a Bank of Japan (BoJ) official and disappointing inflation figures from the Eurozone. Currently, at 162.00, the pair is down 0.80%. The decline pushed EUR/JPY below critical technical levels, breaching the Tenkan-Sen and testing a daily low of 161.68. Though a slight recovery followed, downside risks remain. A sustained close below 162.00 could trigger further losses, with potential support zones at Senkou Span A (161.75), the 161.00 mark, and Kijun Sen (160.90). Bullish momentum would face strong resistance at 164.00, with buyers first needing to reclaim the Tenkan-Sen level (162.59) before targeting 163.00.

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