EUR/JPY Rebounds Amid Diverging Central Bank Policies

The EUR/JPY cross experienced a mixed Friday session, recovering from its worst losses but remaining under pressure due to fragile risk sentiment.

The euro struggled to maintain gains against the yen amid concerns over global growth and diverging central bank policy expectations.

Market participants are closely watching the European Central Bank versus the Bank of Japan's policy path, with the ECB signaling a pause in its tightening cycle while the BoJ remains ultra-loose.

The EUR/JPY pair is testing support near 156.00 and faces resistance around 157.50 and 158.00.