- EUR/JPY is oscillating in a narrow range below 150.00 as ECB/ BoJ policy has come under the spotlight.
- ECB Lagarde would raise rates to 4% despite galloping signs of a recession in the Eurozone.
- The BoJ might let the monetary policy unchanged as inflation is need to remain above 2% steadily.
The EUR/JPY pair is displaying a back-and-forth action below the psychological resistance of 150.00 in the early European session. The cross is struggling to find directions as investors have been sidelined ahead of the interest rate decision by the European Central Bank (ECB) and the Bank of Japan (BoJ), which will be announced this week.
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