Bullish currency pair Euro-Yen runs out of steam at 145.08; currently at 145.04

Published: November 25 2022, 10:26 GMT+0

Bullish currency pair Euro-Yen runs out of steam at 145.08; currently at 145.04

EUR/JPY rallies 78 pips (0.54%) deep into the session, trading at 145.04.

On the flip side, data for Germany GDP published today at 07:00 UTC came out at 0.4, beating projections of 0.3 and showing improvement over the preceding figure of 0.1. Germany Business Climate Index came out at 86.3, better than analyst estimates of 85 and improving upon the previous reading of 84.5.

At the same time, data for Germany GDP released today at 07:00 UTC is better than expected with 1.2%, but worse than previous figure of 1.7%.

Other currencies are also rising as USD/JPY is up 0.53% to 139.32. GBP/JPY moves up 0.44% to trade around 168.62. EUR/NZD climbs 0.36% to trade around 1.668.

Furthermore, the market is looking at Euro Zone ECB's De Guindos speech set for today at 17:00 UTC. Japan CFTC JPY speculative net positions will be released today at 19:30 UTC. Euro Zone CFTC EUR speculative net positions is expected today at 19:30 UTC.

Euro-Yen is now trading 2.19% away from its significant high of 147.48 first tested a month ago.

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