Euro hits 7-year peak vs yen ahead of ECB announcement

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Reuters UK

By Samuel Indyk LONDON (Reuters) – The euro hit a seven-year peak against the yen on Wednesday ahead of a European Central Bank (ECB) rate-setting meeting on Thursday that is likely to leave the Bank of Japan (BoJ) standing alone with ultra-loose monetary policy. The yen has now fallen for 10 consecutive trading sessions against the euro, its longest losing streak in eight months, and reached a seven-year low of 142.84 per euro in early European trade. The euro slipped 0.1% against a broadly stronger dollar to $1.06885, leaving it within recent ranges ahead of the ECB’s meeting tomorrow. “EUR/…

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