EUR/JPY trades around 169.50, just shy of 11-month highs

  • EUR/JPY remains steady after registering over 0.50% losses in the previous session, trading around 169.30 during the Asian hours on Thursday. However, the currency cross faced challenges as the Japanese Yen (JPY) received support as traders still expect further rate hikes by the Bank of Japan (BoJ) in the coming month.