EUR/JPY Rebounds from Eight-Month Lows Amid Shift in Market Sentiment
The EUR/JPY currency pair has rebounded from eight-month lows near 181.50, indicating a shift in market sentiment.
The euro's recovery is largely attributed to profit-taking after the prolonged selloff and a temporary softening of yen demand.
Market participants are adjusting positions ahead of key economic data releases from both the eurozone and Japan.
From a technical perspective, EUR/JPY is now testing a critical resistance zone near 181.50-182.00.