LONDON—The euro hit a seven-year peak against the yen on Wednesday, getting a lift after an upward revision to first-quarter growth and ahead of a European Central Bank meeting on Thursday that is likely to pave the way for rate hikes later in the year.
The ECB is set to end its bond purchases this month, meaning rate hikes can commence in the second half of 2022, leaving the Bank of Japan (BoJ) standing alone amongst its peers with its 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 143.89 per euro in European trade….