EUR/JPY rises to near 164.50 during the Asian trading session on Monday, driven by a weakening Japanese Yen (JPY).
EUR/JPY strengthened as the BoJ's Summary of Opinions highlighted divisions among policymakers over the timing of future interest rate hikes. Japan ese Prime Minister Shigeru Ishiba faces a parliamentary leadership vote today, following the loss of ruling LDP lower house majority. Deutsche Bank analysts have warned that higher US tariffs could negatively affect the Eurozone ’s export sector. EUR/JPY rises to near 164.
Japanese Yen FAQs What key factors drive the Japanese Yen? The Japanese Yen is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
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