The EUR/JPY currency pair is trading lower at approximately 180.60 during the early European session on Friday. This decline is primarily driven by a strengthening Japanese Yen (JPY), which has gained traction against the Euro (EUR) amid heightened speculation surrounding a potential interest rate hike by the Bank of Japan (BoJ) at its upcoming December meeting.
As traders anticipate a shift in monetary policy, the exchange rate reflects a growing sentiment that the BoJ may take steps to tighten its stance. This has implications for the forex market, as a rate increase could enhance the attractiveness of the JPY relative to other currencies, including the EUR. Market participants are closely monitoring these developments as they could influence trading strategies in the weeks ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 06:31
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.