{
  "id": 8165307,
  "title": "Euro gains momentum against Japanese Yen as BoJ aligns on rate hikes",
  "url": "https://urgent.news/2026/09/18/euro-gains-momentum-against-japanese-yen-as-boj-aligns-on-rate-hikes",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T03:40:26.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-gains-momentum-against-japanese-yen-as-boj-aligns-on-rate-hikes-202609180340"
  },
  "original_language": "en",
  "account": "The Japanese Yen (JPY) experienced a decline following the Bank of Japan's decision to raise the interest rate by 25 basis points to 1.25%, aligning with market forecasts. Meanwhile, the Euro (EUR) gained strength against the Japanese Yen (JPY), trading around 180.20 during Asian hours, as the currency cross advanced with the BoJ's decision. The Bank of Japan's monetary policy statement indicated that inflation is gradually approaching its target, and the central bank will continue raising rates alongside economic and price developments. However, board members emphasized the need to monitor the Middle East situation's impact on the economy, prices, and global financial and forex markets. In contrast, the European Central Bank (ECB) raised its key interest rate by 25 basis points to 2.50%, matching market expectations, and reiterated its commitment to not pre-commit to future policy steps. The ECB President, Christine Lagarde, cautioned that geopolitical risks continue to pressure economic outlook, particularly due to the Middle East conflict and Russia's war on Ukraine, which could keep headline inflation well above the 2% target for an extended period. Market analysts noted that the latest euro area inflation data offered little surprise, with headline inflation remaining in the low 3% range and core hovering in the mid-2% range. Despite this, strategists highlighted that markets are now pricing a 50% chance of a hike in October with a cumulative 36 basis points of tightening by December, indicating that policymakers may still deliver additional rate hikes even if fresh inflation shocks do not materialize.",
  "summary": "EUR/JPY rises after registering minor losses in the previous day, trading around 180.20 during Asian hours on Friday. The currency cross advanced as the Japanese Yen (JPY) struggled following the Bank of Japan's (BoJ) latest interest rate decision.",
  "key_points": [
    "Bank of Japan raises interest rate by 25 basis points to 1.25%",
    "Euro gains strength against Japanese Yen, trading at 180.20",
    "ECB also raises rate by 25 basis points to 2.50%"
  ],
  "editors_take": "The Bank of Japan's decision to raise interest rates while the European Central Bank's future policy steps remain open allows the Euro to gain ground against the Japanese Yen.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}