EUR/JPY Gains Ground Near 163.00 Amid Bank of Japan Rate Hike Speculation
The EUR/JPY currency pair rebounds from its previous session’s losses, now trading around the 163.00 level during the Asian trading hours on Friday. This positive movement results from a weaker Japanese Yen, with traders reacting to uncertainty surrounding the timing of future interest rate hikes by the Bank of Japan (BoJ). Investors are keenly analyzing economic indicators that may signal when the BoJ could adjust its monetary policy. The market is poised for significant movements, driven by developments that could influence the relative strength of the Euro against the Yen.
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