EUR/JPY attracts bids below 162.00 as German Merz secures majority in second attempt

  • The EUR/JPY pair rebounds above 162.00 during the North American trading session after attracting bids near 161.60, which is the intraday low. The pair bounces back as Germany's Conservative leader Friedrich Merz secures an absolute majority after getting 325 votes in the Bundestag or the lower house of Parliament in the second attempt.