CCY - Delayed Quote • JPY EUR/JPY (EURJPY=X) Follow 166.5470 +0.5160 (+0.31%) As of 5:46 AM GMT+1. Market Open. All News Press Releases Asia FX muted, dollar steadies with Fed, BOJ meetings in sight Investing.com-- Most Asian currencies moved little on Monday, while the dollar steadied as traders hunkered down before a string of central bank meetings this week, most notably the Federal Reserve and Bank of Japan. UK service sector contraction weighs on pound, global currencies face instability The British Pound (GBP) concluded last week on a downbeat note due to a significant contraction in the U.K.'s service sector, which accounts for over 70% of the country's GDP, according to recent surveys. The downturn has heightened recession fears and led to speculations that the Bank of England (BoE) may have ended its cycle of interest rate increases. What Does Another Dovish Pause from the BoJ Mean for the Yen? On Friday, September 22, the Bank of Japan left its negative interest rates unchanged and did not offer any clear guidance as to when a shift in its historically loose monetary policy might be brought in line with its global peers. ECB's Lagarde calls for higher for longer rates to achieve inflation target Investing.com -- European Central Bank president Christine Lagarde on Friday called for higher-for-longer interest rates to achieve the central bank's key objective of bringing inflation back to its 2% target.
