EUR/JPY steadies around 169.50, with upside potential due to BoJ's caution on rate hikes

  • EUR/JPY remains steady following recent gains registered in the previous session, trading around 169.50 during the Asian hours on Thursday. The currency cross may regain its ground as the Japanese Yen (JPY) may face challenges due to the Bank of Japan's (BoJ) caution on unwinding its ultra-loose policy, forcing investors to delay their expectations for early interest rate hikes.