The EURJPY will have a speech from Bank of Japan governor Haruhiko Kuroda.
A speech from European Central Bank policymaker Isabel Schnabel will follow that.
EURJPY – Daily Chart
The EURJPY found support at the 137.35 level and has now rallied to the 141.50 level. Resistance near 143 could determine the week ahead for the euro versus the yen pair.
Central bank governor Kuroda recently pressured companies to hike salaries, saying it would help the Bank of Japan's efforts to sustain prices around its 2% inflation goal. His remarks came from the annual spring wage negotiations between companies and labor unions.
"I would like to create an economic structure in which wages rise every year," he added. Last week Kuroda also reiterated his plan to maintain an ultra-loose monetary policy to maintain the 2% inflation target.
"Japan's economy will likely sustain fairly stable growth," Kuroda said.
"The BOJ will support the economy with monetary easing, so that its inflation target is sustainably and stably met accompanied by wage growth," he said.
Japanese long-term interest rates have been creeping up since the BOJ shocked markets by widening the band around its 10-year bond yield target, which investors anticipated as a move towards a future interest rate hike. Kuroda has still ruled out the chance of a near-term interest rate hike because wages must rise. That could limit the possibility of any market-moving announcement tomorrow.
The ECB board member Isabel Schnabel also discusses Europe's policy outlook tomorrow. Schnabel recently said the ECB would increase rates for as long as necessary to reach "restrictive territory" to cool inflation.
"We are doing whatever is necessary to bring inflation back to our medium-term target" of 2 percent, she said.
"We clearly have to reach an interest rate that is high enough to bring inflation back down to 2 percent," she said. "There is cause for optimism in the second half of 2023 when we expect inflation to ease and improving consumer confidence to result in an improvement to sales growth, and corresponding volumes."
The high-level data for the EURJPY is a yearly GDP forecast for Germany.