EUR/JPY moves in the positive direction after recovering losses on Friday. Eurozone Retail Sales contracted by 0.7% in February, a lower-than-expected decline of 1.3%. The Japan ese Yen enjoyed a safe-haven status amid escalated tensions in the Middle East.
Bank of Japan Governor Kazuo Ueda indicated on Friday that the central bank might adjust monetary policy if foreign exchange fluctuations significantly impact the wage-inflation cycle in a manner that cannot be ignored. Japan's Finance Minister Shunichi Suzuki echoed this sentiment, emphasizing his close monitoring of currency movements with a strong sense of urgency. He expressed readiness to explore all available options to address excessive volatility in the foreign exchange market.
Source: Digital Coin News (digitalcoinnews.net)
Crosses Macroeconomics Japan Eurozone
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