Bullish currency pair Euro-Yen runs out of steam at 150.93; currently at 150.87

Published: May 27 2023, 09:35 GMT+0

Bullish currency pair Euro-Yen runs out of steam at 150.93; currently at 150.87

Yesterday at a glance: after ending Thursday at 150.22, EUR/JPY went up to 150.93 only to drop back, yet still traded well overall and closed at 150.87 yesterday.

At the same time, Japan CFTC JPY speculative net positions released yesterday at 20:30 UTC with a figure of -80,700, while the previous figure was -64,800. Fresh CFTC EUR speculative net positions data from Euro Zone came out at 173,700. France Jobseekers Total released yesterday at 10:00 UTC is better than expected at 2.80 million but down from preceding data of 2.79 million according to new data.

A look at other currencies also shows bullish price action as notably, GBP/NZD rose 0.52% yesterday and closed at 2.0311. GBP/JPY added 0.64% and closed around 172.53 yesterday. USD/JPY went up by 0.41% yesterday, and closed at 140.62.

Euro-Yen has gained 7.66% since its lowest print of 135.1 earlier this year.

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