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ForexMediumUpdated×2•Originally published 13 April 2026•Updated 14 April 2026•

1 min read

EUR/JPY Hits New Record Highs Near 187.50, Surpassing Previous Resistance

Two central bankers, Christine Lagarde and Thomas Jordan, with EU and Swiss flags, Euro and Swiss Franc symbols, and coins.

Key Facts

1EUR/JPY approached its year-to-date highs at 186.88 driven by market optimism.

about 2 months ago

Version History

Version 2about 2 months ago

What changed: The pair reversed its previous decline and broke through the 186.88 resistance level to reach new record highs near 187.50.

Version 1about 2 months ago

What changed: The primary market driver shifted from Ukraine peace optimism to the collapse of US-Iran talks and rising BoJ tightening bets, causing the EUR/JPY pair to decline.

The EUR/JPY pair has surged to fresh record highs, reaching levels near 187.50 and completely reversing its previous retreat. This upward movement marks a decisive break above the critical resistance level of 186.88 that had previously capped gains earlier this year. Despite earlier geopolitical concerns regarding the collapse of negotiations between the United States and Iran, market sentiment has shifted back in favor of the single currency. The pair's resilience suggests that bullish momentum remains strong, even as investors continue to weigh potential policy shifts from the Bank of Japan (BoJ). Traders are now focusing on whether the pair can sustain these historic levels amid ongoing volatility in global energy prices. The breach of the 187.00 handle underscores the Euro's relative strength against the Yen in the current trading environment.