EUR/JPY trades near 177.10, but gains remain constrained by ongoing concerns regarding potential Japanese currency intervention.
EUR/JPY trades above 177.00 but upside limited by intervention risk from Japanese authorities, maintaining bearish bias.
The EUR/JPY cross trades in positive territory near 177.10 during early European hours. Despite the current gains, market participants remain cautious as the threat of currency intervention from Japanese authorities limits further upward momentum.
The upside is constrained by the persistent risk of currency intervention from Japanese authorities, which discourages aggressive buying.