EUR/USD is expected to climb back to the 1.1850 handle in the coming days. Thursday morning’s rally in the pair shows momentum remains tilted to the bullish side, but also that the US jobs market data continues to have an outsized impact on USD crosses, ING's FX analyst Francesco Pesole notes.
EUR/JPY retraces its recent gains from the previous session, trading around 174.00 during the early European hours on Friday. However, the currency cross trims its daily losses despite the weaker-than-expected German Producer Price Index (PPI) data for August.
The Bank of Japan (BoJ) is widely expected to leave its benchmark interest rate unchanged at 0.5% after concluding its two-day September monetary policy meeting on Friday.