EUR/JPY extended its gains for the fourth consecutive day, trading near 186.50 during Asian hours on Friday, according to FX Street. The currency pair has shown steady momentum in recent sessions.
FX Street reported that the pair maintains a bullish near-term bias, supported by price action holding above both the nine-period and 50-period Exponential Moving Averages (EMAs). This technical setup suggests continued upside potential, with resistance seen around the 187.00 level.
For Japanese investors, the sustained strength in EUR/JPY reflects broader market dynamics, including shifts in global risk sentiment and central bank policies, which remain key drivers for FX movements involving the yen.