After three days of persistent declines, Euro-Yen was flat Friday

Published: March 19 2023, 18:36 GMT+0

After three days of persistent declines, Euro-Yen was flat Friday

A quick look at Friday: EUR/JPY moves 0.02% to close at 141.74 Friday.

Euro-Yen's value drop coincided with the fact that after ending Friday's session at 133.59, USD/JPY lost 178 pips and is trading around 131.8. USD/SGD dips 0.52% Friday and closed at 1.3456.

Though Euro-Yen has been dropping, other pairs have been performing better: notably, NZD/USD rose 1.32% Friday and closed at 0.6194.

Furthermore, Germany Producer Price Index projected to come out at -1.6% — worse than previous data of -1%; data will be released tomorrow at 07:00 UTC. Euro Zone Trade Balance (Jan) will be released tomorrow at 10:00 UTC.

Euro-Yen has managed to gain 2.43% so far this year despite trading at lows around 128.26 previously.

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