EUR/JPY dips further below 159.50 post ECB’s rate cut – FXStreet

The EUR/JPY pair has continued to decline below the 159.50 level following the European Central Bank’s recent decision to cut interest rates. The move by the ECB has put pressure on the euro, causing it to weaken against the Japanese yen. Traders are closely monitoring the situation as the pair dips further, with the potential for more downward movement in the near future. The market remains cautious amid the uncertainty surrounding global economic conditions.