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EUR/JPY gains after registering little losses in the previous day, trading at 187.83, an all-time high, during the Asian hours on Friday. The technical analysis of the daily chart indicates the currency cross is trending higher within an ascending channel, signaling a persistent bullish bias.

TradingKey - Compounded by a slump in U.S. technology stocks, Japanese markets are currently experiencing a sustained "triple whammy" of declines across equities, bonds, and the yen. This "sell Japan" narrative has overshadowed the positive sentiment that followed the "Takaichi trade" in late

TradingKey - In global capital markets, the Bank of Japan's policy moves and yen exchange rate trends are often key indicators for investment decisions. In many cases, BOJ actions can influence global stock, bond, and currency markets, such as when a BOJ rate hike triggers international capital flow

TradingKey - The Shunto—short for the Spring Wage Offensive—is Japan’s annual nationwide labour-management bargaining event held every spring. Typically, Shunto unfolds in three stages: In the first round, employers discuss potential wage increases; in the second, workers at various companies...

The EUR/JPY cross loses traction to around 159.40 during the early European session on Friday.

After months of speculation on whether Shigeru Ishiba would be able to rekindle the bonhomie his predecessor Shinzo Abe had with Donald Trump, the Japanese prime minister has proven he knows how to deliver exactly what the U.S. President wants - and not a moment too soon.



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