The EUR/JPY cross holds positive ground near 160.75 during the early European session on Friday.
EUR/JPY trades firmeraround 160.75 in Friday’s early European session. German HICP inflation rose in July to 2.6%, according to the Federal Statistics Office on Friday. Traders will evaluate Japan's monetary policy outlook about the interest rate path. The recent German inflation report provides modest support to the Euro . However, safe-haven flows amid ongoing geopolitical tensions in the Middle East might lift the Japanese Yen and cap the upside for the cross.
Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors. How do the decisions of the Bank of Japan impact the Japanese Yen? One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/JPY attracts some buyers above 167.00 ahead of German/Eurozone GDP dataThe EUR/JPY cross recovers some lost ground near 167.20 during the early European session on Tuesday.
Read more »
EUR/JPY pares intraday losses, remains below 160.00 amid hawkish BoJ-inspired JPY strengthThe EUR/JPY cross comes under some renewed selling pressure on Thursday and moves away from the weekly peak, around the 161.45 region touched the previous day.
Read more »
EUR/JPY weakens near 166.50 ahead of Eurozone GDP, German CPI dataThe EUR/JPY cross remains on the defensive around 166.55 during the early European trading hours on Monday.
Read more »
EUR/JPY IG Client Sentiment: Our data shows traders are now at their most net-long EUR/JPY since Dec 18 when EUR/JPY traded near 155.86.Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current EUR/JPY price trend may soon reverse lower despite the fact traders remain net-short.
Read more »
EUR/JPY remains well offered near one-month low, holds above 170.00 markThe EUR/JPY cross trades with a negative bias for the third successive day on Tuesday, albeit manages to hold above the 170.00 psychological mark, or a nearly one-month low touched last week.
Read more »
EUR/JPY holds ground around 167.00 after Tokyo CPI inflationEUR/JPY hovers around 167.00 with a positive bias during the Asian session on Friday.
Read more »