EUR/JPY Price Analysis: Bulls flirt with trading range hurdle, around mid-163.00s on dovish BoJ

  • The EUR/JPY cross catches aggressive bids on Thursday and rallies to a fresh weekly high, around the mid-163.00s during the first half of the European session amid the dovish Bank of Japan (BoJ)-inspired selling around the Japanese Yen (JPY). However, a modest US Dollar (USD) is seen weighing on the shared currency and might keep a lid on any further gains for spot prices.