The EUR/JPY pair is currently consolidating near the 162.50 level as traders await the upcoming European Central Bank (ECB) policy decision. The pair has been trading in a tight range as market participants brace for potential volatility following the ECB announcement. The consolidation near 162.50 suggests that traders are cautious and waiting for further guidance from the central bank. The ECB’s policy decisions can have a significant impact on the euro and yen, so investors are closely monitoring the situation. Stay tuned for more updates on the EUR/JPY pair as the ECB policy decision approaches.