The Euro (EUR) struggled to recover against the Japanese Yen (JPY), with the EUR/JPY pair trading near a two-week low around the mid-173.00s. The decline reflects market caution ahead of the upcoming Eurozone inflation data, which is expected to provide fresh signals on the European Central Bank’s (ECB) next policy steps.
Investors are awaiting confirmation on whether inflation remains sticky enough to keep the ECB’s tightening stance in play or if slowing price pressures could open the door for a pause. A stronger-than-expected print could lift the Euro, while weaker data may add further downside pressure on EUR/JPY.
At the same time, the Japanese Yen remains supported by safe-haven demand and expectations that the Bank of Japan (BoJ) may maintain a more hawkish policy stance compared to recent years. The combination of a firmer Yen and cautious Eurozone outlook has weighed heavily on the cross.
In this video, we cover:
Why EUR/JPY remains under pressure near two-week lows
The role of Eurozone inflation in shaping ECB decisions
How safe-haven demand is keeping the Yen strong
Key technical levels to watch for traders and investors
With volatility building ahead of inflation figures, EUR/JPY could see sharp moves depending on the data outcome. Traders are advised to monitor ECB commentary and BoJ policy signals closely.
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