EUR/JPY weakens to near 162.00 amid dovish ECB, intervention fears – FXStreet

EUR/JPY is approaching the 162.00 level as a result of the European Central Bank’s dovish stance and concerns about possible intervention. The weakening of the euro against the Japanese yen is a direct result of the ECB’s cautious approach and fears of intervention in the currency market. Investors are closely monitoring the situation as the pair continues to decline towards the 162.00 mark.