Bearish sentiment sends Euro-Yen 0.79% lower

Published: March 19 2023, 06:45 GMT+0

Bearish sentiment sends Euro-Yen 0.79% lower

Friday at a glance: EUR/JPY drops 0.79% to close at 140.64 Friday.

Euro-Yen's value drop coincided with the fact that USD/JPY is down to 131.8, losing 178 pips, after ending the previous session around 133.59. USD/SGD is down to 1.3397, losing 59 pips, after ending the previous session around 1.3456. EUR/NZD is down to 1.7009, losing 127 pips, after ending the previous session around 1.7137.

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 gained 2.43% since its lowest print of 128.26 earlier this year.

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