EUR/JPY extends its winning streak for the seventh successive session, trading around 173.10 during the Asian hours on Friday. The currency cross appreciates as the Japanese Yen (JPY) faces challenges following the release of Tokyo Consumer Price Index (CPI) data.
The European Union (EU) continues to engage intensively with the United States (US) on tariffs and focuses on finding a negotiated outcome, a European Commission spokesperson said on Thursday, per Reuters.
While negative divergence is forming, Euro (EUR) could edge above 1.1795 against US Dollar (USD); the major resistance at 1.1830 is likely out of reach for now.