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fxJun 12, 2026, 7:38 AM

Euro Gains Against Yen on ECB Rate Hike Hopes

The euro rose 0.12% against the Japanese yen during European trading, reaching near 185.45, as expectations for further ECB interest rate hikes bolstered the single currency.

EURJPY

The euro strengthened against the Japanese yen in European trading, advancing 0.12% to approach the 185.45 level.

The move comes as market participants increase bets on additional interest rate hikes by the European Central Bank, supporting the common currency against the yen.

Traders are now focusing on upcoming eurozone data for further clues on the ECB's monetary policy path.

Source: FXStreet Forex News