EUR/JPY climbs toward 173.00 amid persistent Yen weakness

  • The Euro extends its advance for the third consecutive session against the Japanese Yen on Tuesday, with EUR/JPY climbing toward the 173.00 level during the American session — a level last seen on 12 July 2024. The pair remains underpinned by persistent Yen weakness, as the Yen struggles amid a wide interest rate differential, renewed US tariff threats, and rising import-driven inflation pressures.