EUR/JPY Stabilizing Above Key Support – Will It Hold Above 157.21 Yen?

EUR/JPY is attempting to find support above the January 9th low of 157.21 yen, with the 160.00 yen region acting as minor resistance. As the pair seeks stability, traders are closely watching key technical levels that may determine the next move. Will EUR/JPY maintain its position above support, or will resistance at 160.00 yen prove too strong? Let’s dive into the analysis and potential forex market impact!