EUR/JPY ends week lower despite two-day rally

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• The EUR/JPY trades for a second consecutive day with gains.
• Cross ends week with gains, but below 150.00.
• Yield divergence favours the Euro.

The EUR/JPY closes the week trading with gains above 149.80 as the Yen weakened across the board on Friday, against its major rivals, including the Sterling Pound, Swiss, the US and Australian Dollars. On the other hand, the Euro is getting traction on the back of rising German bond yields following ECB Lagarde’s hawkish comments in Thursday’s session.