EUR/JPY strives to break above 166.00 as Yen weakens ahead of BoJ policy – FXStreet

The EUR/JPY pair is pushing to surpass the 166.00 level as the Japanese Yen loses strength in anticipation of the Bank of Japan’s upcoming policy decision. The weakening of the Yen is giving support to the Euro, with traders closely watching for any developments from the BoJ that could impact the currency pair’s movement.