The euro weakened against the yen this week, with euro/yen falling to ¥178.11 during the week of the 7th to the 11th as expectations of a BOJ rate hike grew. Energy developments in Saudi Arabia on the 8th were also reported to have been a contributing factor in market trading.
Euro/yen fell during the week of the 7th to the 11th, closing at ¥178.11, down ¥3.35 from the previous day. The euro was sold and the yen strengthened. As the article is restricted to members, details have been omitted, but the overall trend was reported as euro weakness and yen strength.
Trading was reportedly driven at the start of the week by growing expectations of a BOJ rate hike, with euro selling and yen buying thought to have prevailed. The article also states that energy developments in Saudi Arabia on the 8th were believed to have had an impact.