Euro Slips Against JPY on BoJ Rate Hike Expectations

The Euro has fallen against the Japanese Yen to near 185.20 ahead of German inflation data for August.

Market expectations point towards a September interest rate hike by the Bank of Japan (BoJ), with an implied probability of around 84%.

Preliminary German Harmonized Index of Consumer Prices (HICP) data is expected to show a 3% Year-on-Year increase from 2.8% in July, which could prompt expectations for a European Central Bank (ECB) interest rate hike next month.