ForexLive European FX news wrap: Yen surges as BOJ hikes policy rate to 0.25% ...Middle East

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Headlines:BOJ raises policy rate to 0.25% in July monetary policy meetingBOJ governor Ueda: Weak yen was not necessarily the biggest reason for rate hikeBOJ governor Ueda says does not have 0.50% policy rate in mind as a ceilingBOJ governor Ueda: Hard to tell when the next rate hike may beUSD/JPY extends fall as downside break eyedUSD/JPY Technical Analysis – The pair cracked through the key 152.00 handleEurozone July preliminary CPI +2.6% vs +2.5% y/y expectedItaly July preliminary CPI +1.3% vs +1.2% y/y expectedFrance July preliminary CPI +2.3% vs +2.4% y/y expectedGermany July unemployment change 18k vs 15k expectedGermany June import price index +0.4% vs +0.1% m/m expectedSwitzerland Jul

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