The GBP/JPY plunged sharply during the North American session, down by more than 0.60% as market participants shifted risk-averse ahead of the US Federal Reserve’s (Fed) monetary policy decision.
The EUR/JPY tumbled below the 161.00 figure on headlines of the Bank of Japan (BoJ) Governor Kazue Ueda, suggesting that it could normalize monetary policy if inflation picks up sustainably throughout the year.
The EUR/JPY seesaws at around the 161.00 figure in the mid-North American session, though it’s trading below its opening price by 0.13% and, at the time of writing, exchanges hands at 160.95.
The AUD/JPY reverses its course late in the North American session amid an upbeat market mood, which usually underpins risk-perceived currencies like the Aussie Dollar’s (AUD).