The EUR/JPY cross is building on the overnight modest bounce from the vicinity of the 180.00 psychological mark, or a four-day low, and gaining some positive traction during the Asian session on Tuesday.
EUR/JPY trades lower around 180.50 on Monday at the time of writing, down 0.35% on the day. The move reflects a clear strengthening of the Japanese Yen (JPY) following fresh comments from Bank of Japan (BoJ) Governor Kazuo Ueda, which revived expectations of an imminent policy rate hike.
The EUR/JPY cross scales higher for the sixth consecutive day – also marking the seventh day of a positive move in the previous eight – and touches a fresh record high during the Asian session on Friday.