EUR/JPY Price Analysis: Uptrend stalls at 159.00, as buyers target 159.70s YTD high

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• EUR/JPY climbs for the second straight day, breaking above 158.92, but closes at 158.74.
• BoJ’s ultra-loose monetary policy pressures JPY, while positive EU data reduces a possible ECB rate hike.
• Technical analysis shows potential for further gains, with YTD high at 159.76 as next target for buyers.

EUR/JPY climbed for the second straight day, breaking above last Thursday’s high of 158.92, though it retreated some and printed a daily close of 158.74, registering gains of 0.19%.