EUR/JPY attracts some sellers above 158.50 ahead of Eurozone data

EUR/JPY edges lower to 158.60 in early European session on Friday. Japan’s inflation rose faster than expected in October. European Central Bank ECB maintained the rates unchanged, as widely expected. rket players await the Spain’s Gross Domestic Product estimated for the third quarter. The quarterly and annual growth numbers are expected to expand by 0.3% and 1.6%, respectively.

The hawkish stance from the BoJ or any signal to leave the ultra-accommodative monetary policy might trigger volatility in the market. On the other hand, the European Central Bank ECB maintained the interest rates unchanged as widely expected, snapping an unprecedented streak of 10 consecutive rate hikes on Thursday. During the press conference, ECB President Christine Lagard said the recent data continued to hint to inflation gradually approaching the 2% target.

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EUR/JPY recovers intraday losses ahead of the ECB decision, trades near 158.60EUR/JPY cross has almost recovered its intraday losses, struggling below the session’s opening bid at 158.71 during the European trading hours on Thur
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