The euro-yen currency pair is attracting attention due to the diverging monetary policies of the European Central Bank (ECB) and the Bank of Japan (BOJ).
Analysts from major financial institutions are predicting a potential decline in the euro-yen to a range of 140 to 150 by the end of next year. This drop would be significant, as the euro-yen has not been in that range since June 2023.
Currently, the pair is trading around 164, presenting a notable opportunity for traders as the economic landscapes of the Eurozone and Japan continue to evolve.