The EUR/JPY exchange rate is appreciating as the Japanese Yen weakens due to increased market optimism following the postponement of Trump's reciprocal tariffs. The JPY could find support from a rising hawkish tone surrounding the Bank of Japan's policy outlook, but the Euro may face downward pressure if ECB officials remain confident in their outlook for three more rate cuts this year.
EUR/JPY strengthens as the Japanese Yen depreciates due to increased market optimism following postponement of Trump's reciprocal tariffs. The JPY could find support due to the rising hawkish tone surrounding the Bank of Japan’s policy outlook. The Euro could face challenges as ECB officials remain confident in the outlook for three more rate cuts this year. EUR/JPY retraces its recent losses, trading around 159.10 during the Asian hours on Tuesday.
Officials from the Trump administration are scheduled to meet with their Russian counterparts in Saudi Arabia on Tuesday to discuss a potential peace agreement. Interest rates FAQs What are interest rates? Interest rates are charged by financial institutions on loans to borrowers and are paid as interest to savers and depositors. They are influenced by base lending rates, which are set by central banks in response to changes in the economy.
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