EUR/JPY Holds Above 183.75 as Bearish Pressure Mounts
The Euro continues to weaken against the Japanese Yen, with EUR/JPY holding above 183.75 amidst growing bearish sentiment. The Yen strengthened across the board on Thursday without a clear catalyst.
EURJPY
The Euro (EUR) extended its decline against the Japanese Yen (JPY) on Thursday, as the Yen rallied broadly. Despite the bearish pressure, EUR/JPY managed to hold above the 183.75 level.
The Yen's strength was observed across the board, though no specific reason was cited for the move. Traders are watching the 183.75 support zone closely; a break below could signal further downside for the pair.
Source: FXStreet Forex News