Euro Surges to 164.64 Against Yen, Highest Since 2008

The Euro has seen a significant increase against the Yen, reaching levels not seen since 2008. The currency jumped over 0.5% to hit 163.00 EUR/JPY, driven by a well-anticipated pivot by the Bank of Japan. It continued to rise, pushing past 163.955 and reaching highs of 164.33 and 164.64, marking the highest level against the Yen since 2008. The USD/JPY pair also saw movement, approaching last month's high of 150.88, indicating potential pressure behind a bigger fundamental view.