EUR/JPY Price Forecast: Climbs beyond mid-162.00s, bulls have the upper hand while above 200-day SMA

  • The EUR/JPY cross gains strong positive traction at the start of a new week and snaps a three-day losing streak to the 161.00 neighborhood, or a nearly one-month low set on Friday. US President Donald Trump's decision to delay the implementation of tariffs on the European Union (EU) boosts the shared currency and lifts spot prices to the 162.70-162.75 region during the Asian session.