EUR/JPY extends rally for third day on ECB hike speculation
The EUR/JPY pair is rallying for a third consecutive session, heading for a weekly gain as traders anticipate European Central Bank rate hikes.
EURJPY
The euro is strengthening against the yen for the third straight trading day, with EUR/JPY poised to close the week with notable gains.
Market participants are pricing in further tightening from the European Central Bank, which is supporting the single currency. At the same time, the Japanese yen remains under pressure due to the Bank of Japan's ultra-loose monetary policy stance.
The rally reflects growing divergence between ECB and BOJ policy expectations.
Source: FXStreet Forex News