
- EUR/JPY soars to near 153.50 on stronger-than-projected Eurozone PMI growth in January.
- The ECB is almost certain to cut interest rates on Thursday.
- The BoJ refrained from committing a pre-defined rate hike path.
The EUR/JPY pair rises sharply to near 153.50 in Friday’s European session. The asset strengthens on the back of strong appeal for the Euro (EUR) as the flash Eurozone HCOB Purchasing Managers’ Index (PMI) data for January has come in surprisingly stronger.
The HCOB PMI data, compiled by S&P Global, showed that the overall business activity expanded after contracting for two months. The Composite PMI,
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