Snapshot: EUR/JPY trades at 187.00, up 0.09% on the session, driven by persistent risk appetite despite a slightly weaker dollar. The BOJ’s overnight decision to hold steady on rates is a key driver, failing to provide any hawkish catalyst for the Yen.
- Resistance sits near the intraday high of 187.07.
- Watch US yields; a sharper rise could trigger a risk-off move, impacting EUR/JPY.
Bias into NY: Bullish. The lack of hawkish signals from the BOJ, combined with positive risk sentiment shown by S&P futures trading +0.10%, suggests further upside potential toward 187.50.