EUR/JPY Price Forecast: Retains bullish bias near 172.50, overbought RSI warrants caution for bulls

  • The EUR/JPY cross trades in positive territory near 172.45 during the Asian trading hours on Tuesday. The rising expectation that the Bank of Japan (BoJ) would keep interest  rates  low for longer than it wants could weigh on the Japanese Yen (JPY) against the Euro (EUR).