EUR/JPY rises for third day on ECB rate hike expectations
The European Central Bank’s hawkish forward guidance is driving the euro’s advance against the yen.
The ECB is expected to raise rates in September, with inflation risks tilted to the upside.
The Japanese Yen has weakened less than expected, with investors wary of potential BoJ intervention.
Traders are awaiting the release of Japanese inflation data and Eurozone PMIs.