EUR/JPY halts a two-day winning streak, trading at 176.10, as the Japanese Yen strengthens following the Bank of Japan's decision to keep interest rates unchanged at 1.25%.
The EUR/JPY pair has retreated from its recent two-day winning streak, currently trading near 176.10. This downward pressure is primarily driven by the Bank of Japan's decision to maintain its short-term interest rate at 1.25%, which has bolstered the Japanese Yen against the Euro.
The Bank of Japan has decided to leave the short-term interest rate unchanged at 1.25%.
The pair is trading lower around 176.10, ending a two-day winning streak.
The EUR/JPY currency pair retreated from a two-day rally, trading near 176.10 during Friday's Asian session. The decline follows the Bank of Japan's decision to hold short-term interest rates steady at 1.25%, providing renewed support for the Japanese Yen against the Euro.
The pair fell because the Bank of Japan decided to keep its short-term interest rate unchanged at 1.25%, which strengthened the Japanese Yen.