The EUR/JPY pair extends its winning spell for the third trading day on Wednesday.
EUR/JPY soars to near 159.60 amid a notable weakness in the Japanese Yen. BoJ Ueda warned that food prices could rise and impact inflation expectations. ECB Galhau cautioned that Trump’s tariffs would have negative impacts on the Eurozone. The pair strengthens as the Japanese Yen weakens across the board despite firm market speculation that the Bank of Japan will continue raising interest rates.
67 would expose it to the August 5 low of 154.40 and 7 December 2023 low of 153.17. EUR/JPY daily chart Euro FAQs What is the Euro? The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
ECB BOJ Tradewar Supportresistance
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 Price Forecast: Tests ascending channel’s lower boundary around 162.50EUR/JPY trades higher for the second successive day, hovering around 162.70 during Monday’s Asian trading session.
Read more »
EUR/JPY Price Forecast: The cross keeps bullish vibe above 163.00 ahead of BoJ rate decisionThe EUR/JPY cross extends the rally to near 163.05 during the early European trading hours on Thursday.
Read more »
EUR/JPY surges to near 153.50 as Eurozone PMI returns back in blackThe EUR/JPY pair rises sharply to near 153.50 in Friday’s European session.
Read more »
EUR/JPY surges to 161.00 after flash German inflation dataThe EUR/JPY pair soars to near 161.00 in Friday’s North American session.
Read more »
Bittensor Price Forecast: Why is TAO Price going up despite China-fueled Crypto crash?Bittensor (TAO) price hits $498 on Wednesday, defying crypto market volatility to rise 37% since Saturday.
Read more »
EUR/JPY Extends Losses on ECB Rate Cut Expectations and BoJ HikesThe EUR/JPY currency pair fell to around 161.05 on Thursday, driven by anticipation of an ECB interest rate cut and rising bets for further Bank of Japan (BoJ) rate hikes. The market expects the ECB to lower its key rate by 25 basis points to 2.75% to combat an uncertain economic outlook and persistent inflation. Meanwhile, the BoJ's potential for continued rate increases strengthens the Japanese Yen, putting downward pressure on EUR/JPY.
Read more »