EUR/JPY continues to lose ground for the second successive session, trading around 159.60 during the Asian hours on Friday.
EUR/JPY loses ground as the Japan ese Yen advances amid the increased likelihood of further BoJ’s rate hikes. Japan ese Minister Ryosei Akazawa stated that authorities will take appropriate action regarding US reciprocal tariffs. Eurozone GDP may remain consistent at 0.9% growth YoY in Q4, as expected.
Vujčić also suggested that the ECB could remove its reference to a restrictive policy in the March statement, citing expectations of a swift decline in services inflation in the coming months. Interest rates FAQs What are interest rates? Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors. They are influenced by base lending rates, which are set by central banks in response to changes in the economy.
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