EUR/JPY Price Forecast: Bulls and bears jostle around 200-hour SMA, above mid-162.00s

  • The EUR/JPY cross dropped to the 162.00 mark during the Asian session on Tuesday and eroded a major part of the previous day's gains led by the optimism over the EU tariff delay. Spot prices, however, recover the early lost ground and currently trade just above mid-162.00s, nearly unchanged for the day.