• EUR/JPY bid following news Germany secures massive increase in borrowing

• As high as 162.33 Friday, pierces descending 200-DMA

• 200-DMA at 162.91 today, EUR/JPY so far in Asia 161.54-91 EBS

• Moves to and above moving average have been repulsed since December 26 '24

• Whether this pattern is repeated remains to be seen, resistance eyed in area

• Spot also holding above hourly Ichimoku cloud between 160.74-161.26

• This support looking to be solid for now, 55-HMA in cloud at 160.19

• With ECB maybe pausing on rates in April, EUR to remain bid?

• EUR/JPY option expiries today include 161.55 E598 mln

• Related comment , also ,
EUR/JPY daily:


EUR/JPY hourly:

(Haruya Ida is a Reuters market analyst. The views expressed are his own)