EUR/JPY jumps to fresh daily peak, around mid-169.00s after BoJ policy decision

EUR/JPY continues to climb after the Bank of Japan (BoJ) keeps rates steady and maintains bond purchases. The cross sees some buying interest during the Asian session, rebounding from a recent slide. The BoJ’s decision to leave rates unchanged and not reduce bond purchases has helped lift the pair to the mid-169.00s. However, political uncertainty in Europe could limit gains for the Euro and the cross. Traders are advised to wait for a sustained breakout before considering bullish positions. BoJ Governor Ueda Kazuo’s comments may provide further direction for the pair.