EUR/JPY Holds Firm Near Highs as Yen Weakens on Political Pressures

Summary:EUR/JPY remains supported near recent highs as the yen weakens broadly Political uncertainty in Japan fuels concerns over fiscal expansion Weak demand at a government bond auction adds pressure to the yenEUR/JPY continues to trade near elevated levels during European session trading, holding firm around the 184.40–184.70 region as renewed weakness in the Japanese yen offsets modest consolidation in the euro. The pair remains underpinned by a deteriorating yen backdrop, with political uncertainty and fragile bond market demand weighing on […]