The Euro (EUR) rallied sharply against the Japanese Yen (JPY) on Wednesday, posting gains of 1.27% or more than 200 pips as the EUR/JPY traded at 159.92, at the brisk of conquering 160.00.
<ul><li>Consensus among BOC members was that the cost of delaying action was greater than the benefit of waiting for more data</li><li>Agreed they were prepared to hike further
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