In the New York international trade market on the sixteenth, the yen depreciated towards the euro, and the yen trade charge briefly fell to the 155 yen degree to 1 euro.
It is the primary time in about 15 years since September 2008 that 1 euro = 155 yen degree.
The European Central Bank determined to boost the rate of interest by 0.25% on the fifteenth and indicated that it will contemplate additional charge hikes, whereas the Bank of Japan determined to keep up the present large-scale financial easing measures on the sixteenth, lowering the rate of interest differential. Aware of the growth, the motion to promote the yen and purchase the euro elevated.
Source