Bearish sentiment sends Euro-Yen 0.79% lower

Published: March 19 2023, 14:06 GMT+0

Bearish sentiment sends Euro-Yen 0.79% lower

A quick look at Friday: EUR/JPY dips 0.79% to close at 140.64 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 lost 0.44% Friday and closed at 1.3456. EUR/NZD lost 0.75% Friday and closed at 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) is expected 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.