The Euro strengthens against the Yen following the Bank of Japan’s decision to maintain interest rates at 1%, meeting expectations.
The Euro extended its rally against the Japanese Yen, trading near 185.20 after the Bank of Japan (BoJ) kept interest rates steady at 1%. The decision aligned with market expectations during Friday’s Asian trading session.
The BoJ’s policy announcement followed a unanimous 8-1 vote, with rates unchanged after recent adjustments. Analysts had anticipated no shift, given the central bank’s cautious stance on further tightening amid economic uncertainty.
EUR/JPY rose modestly in response, reflecting investor focus on relative monetary policy outlooks between the Eurozone and Japan.