EUR/JPY advanced before the ECB refinancing operation

Note: This section contains information in English only.
Source: Forexpros
The Euro appreciated against the Yen ahead of the ECB's LTRO that will inject liquidity into the Euro Zone's economy by offering 500 billion Euros of cheap loans. Moreover, the Yen was pressured by the easing measures implemented by Bank of Japan. The pair EUR/JPY approached 108.45 during the Asian session, moving up by 0.15%.
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