EUR/JPY trades higher around 179.20 at the time of writing, after hitting a new multi-year high at 179.29 on Wednesday, gaining 0.40% on the day, supported by the persistent weakness of the Japanese Yen (JPY).
The US Dollar (USD) recovered overnight after a brief dip on weaker ADP jobs data, with USD/JPY leading gains toward the key 155 resistance. Buying around the Tokyo fix and ongoing investment inflows into the US are keeping the pair supported, even as Japanese officials step up verbal warnings.
The Euro (EUR) weakens against the Swiss Franc (CHF) on Tuesday as the Franc shows relative strength among major peers amid optimism over a potential US-Switzerland trade deal.