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December 19, 2024

EUR/JPY Surges Past 161.00 Driven by BoJ’s Rate Decision

The EUR/JPY currency pair has broken free from a two-day losing trend, trading around 161.20 in today’s Asian market. This rise correlates with the Bank of Japan’s (BoJ) recent decision to maintain interest rates unchanged, resulting in renewed momentum for the Euro against the Japanese Yen.

Investorsโ€™ sentiment appears bullish as they respond to the BoJโ€™s continuity in its monetary policy. The Euro’s strength signals confidence in the European economy’s stability amidst Japanโ€™s challenges.

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