Bearish
EUR/JPY drops 1.11% to 179.45 amid BoJ rate hike expectations
EUR/JPY declined by 1.11% on Monday, trading around 179.45, as the Japanese Yen strengthened due to growing expectations of a Bank of Japan (BoJ) interest rate hike. Investors are now fully pricing in a 25-basis-point rate increase at the upcoming BoJ meeting on September 17-18.
Key points
- EUR/JPY falls 1.11% to 179.45 amid BoJ rate hike expectations
- German Industrial Production disappoints in July
- Eurozone investor confidence improves significantly
Sources
AI-generated from public news sources. Not financial advice.
