EUR/JPY clings to gains near mid-172.00s, remains close to YTD peak amid a weaker JPY

  • The EUR/JPY cross regains positive traction following the previous day's turnaround from the 173.25 area or a fresh one-year peak and sticks to its intraday gains through the first half of the European session on Thursday. Spot prices currently trade around mid-172.00s, up 0.20% for the day, and remain well supported by the prevalent selling bias surrounding the Japanese Yen (JPY).