EUR/JPY Price Analysis: Bearish pressure holds steady, bullish recovery uncertain
In Tuesday's trading session, EUR/JPY is trading roughly around 161.27, with a daily gain of 0.44%.
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In Tuesday's trading session, EUR/JPY is trading roughly around 161.27, with a daily gain of 0.44%.
West Texas Intermediate (WTI) US Crude Oil has settled into a rough range on Tuesday, failing to capture $78.40 per barrel before falling into $77.20 as barrel traders struggle to pick a direction heading into the midweek.
The Japanese Yen (JPY) rallied to the highest level since early February against its American counterpart on Friday amid bets for an imminent shift in the Bank of Japan's (BoJ) policy stance.
EUR/USD touched its highest level since early January above 1.0980 on Friday but reversed its direction later in the American session to close the day with small losses.
Nvidia (NVDA) stock fell more than 5% on Friday after the US Nonfarm Payrolls (NFP) data for February roiled the market.