Yen slips as euro holds firm
In the currency market, the Japanese yen continued to lose ground, marking its sixth decline in seven sessions—or four straight back-to-back declines if you prefer to look at it that way. Traders are closely monitoring the BOJ meeting and looking for any signals that might stabilise the currency.
Meanwhile, the euro remains elevated, trading north of 1.0900, and is holding steady as markets await the German debt reform vote. Sterling is also resilient, with the GBPUSD trading close to 1.3000, ahead of the Bank of England monetary policy meeting on Thursday.