FX.co ★ jerome82 | EUR/JPY

It is worth noting that yesterday the pair was lively, although on the other hand nothing has really changed because we continued to see an upward movement. Personally, I could not have imagined that we would cover about 300 pips in a day, and we even closed at the highs. However, there is nothing surprising about it, as the yen itself continues to decline significantly. The Bank of Japan meeting only contributed to this decline, as even the rhetoric was mild. The euro, on the other hand, continues to be traded based on demand for the dollar. Next week, there will be a lot of important statistics for Germany, the eurozone, and the US, not to mention the upcoming FOMC meeting. For now, I am just observing, although I am not ruling out the possibility that we may move up not only above 169.50 but also above 170. In any case, I will be looking for sell signals.