EUR/JPY extends gains as Yen Softens, momentum indicators remains bullish

  • The Euro (EUR) extends its advance against the Japanese Yen (JPY) on Friday, rebounding from a two-day losing streak as the Japanese currency remains broadly weaker against its major peers. The EUR/JPY cross has been trading on the front foot for the past seven weeks, underpinned by sustained policy divergence between the European Central Bank (ECB) and the Bank of Japan (BoJ).