India, Feb. 25 -- The Japanese yen strengthened against other major currencies in the European session on Tuesday amid rising speculation that the Bank of Japan (BoJ) will hike interest rates further.
The BoJ rate rise stance is supported by Japan's Services Producer Pricing Index (PPI), which was released earlier on Tuesday.
Data from the Bank of Japan showed that the Japan preliminary services-sector inflation accelerated to 3.1 percent in January, from a 3.0 percent rise a year earlier.
On a monthly basis, the services producer price index fell 0.5 percent in January, after remaining flat in December.
European stocks traded lower after the S&P 500 posted its third consecutive session loss on tariff worries and apprehensions over the ...