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EUR/JPY clears key resistance – Société Générale

EUR/JPY extends gains after breaking out of a multi-month range, supported by bullish momentum and stable technical indicators, Société Générale's FX analysts note.

EUR/JPY builds on bullish momentum above 165 support

"EUR/JPY recently broke out from its multi-month range highlighting possibility of extension in up move. Daily MACD remains anchored within positive territory denoting prevalence of upward momentum."

"Recent pivot low and the upper limit of previous consolidation at 165/164.60 is a crucial support zone near term. Next objectives could be located at projections of 168.40 and 170/170.60."

BoJ: Unchanged as expected – Commerzbank

This morning, the Bank of Japan left its key interest rate unchanged at 0.5%. This decision was anticipated by both economists and the market, and according to the BoJ, it was reached unanimously, Commerzbank's FX analyst Volkmar Baur notes.
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DXY: Sideways near recent low – OCBC

US Dollar (USD) continued to trade near recent lows as markets navigate higher oil prices owing to geopolitical tensions, tariff uncertainties and central bank meetings this week. Dollar Index (DXY) was last at 98.17 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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