The euro-yen pair rose during today's trading on Tuesday for the third day in a row, and today's rise came despite the Central Bank of Japan raising interest from -0.10% to 0.10% and exiting the yield control policy, but what led to the yen's decline was the bank's continuation of its easing policy, as the bank pledged to continue its purchases of Japanese government bonds in the same amount as before, as the bank's governor Kazuo Ueda said that the easing conditions exist and will support the economy and prices strongly.

To read the statement and the press conference from here

Technically: - the euro-yen pair rose and the pair completed the bat harmonic pattern near the supply zones of 163.50 and around, where we expect the pair to start retracing, targeting the levels of 162.80 and then 162.00 in the near term, which are near the support levels and the uptrend on the four-hour frame. If this trend is broken and closes below, we expect the pair to retreat and then target the levels of 160.00 and around. The current scenario fails if the pair closes above the main peak at 163.75 and settles above it.