EUR/JPY Depreciates to Near 159.50 as Japanese Yen Strengthens
The EUR/JPY pair continues to face decline, trading near the 159.60 mark during the Asian trading session. The recent strength of the Japanese Yen stems from positive Producer Price Index data that exceeded expectations. This boost in confidence regarding the Bank of Japan’s potential rate hikes has led to significant shifts in currency values. As traders analyze these economic indicators, the focus is on upcoming events that might provoke further price changes in the EUR/JPY exchange rate.
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