Euro-Yen currency pair adds 79 pips or 0.55%

Published: November 25 2022, 10:51 GMT+0

Euro-Yen currency pair adds 79 pips or 0.55%

EUR/JPY rallies 79 pips (0.55%) deep into the session, trading at 145.05.

Nevertheless, Germany GDP beat analyst expectations of 0.3 and the previous reading of 0.1 with new data of 0.4. Highly important Business Climate Index data from Germany beat analyst expectations of 85 with a reading of 86.3.

Meanwhile, Germany GDP released today at 07:00 UTC is better than expected at 1.2% but down from preceding data of 1.7% according to new data.

Other currencies are also rising as USD/JPY is up 0.46%. Having closed the previous session at 167.89, GBP/JPY is up 0.46% today to currently trade at around 168.66.

While Euro-Yen is up today, these currencies are lagging behind: USD/SGD is down to 1.3724, losing 30 pips, after closing at 1.3755 in the preceding trading session.

Furthermore, the market is looking at Euro Zone ECB's De Guindos speech scheduled to come out today at 17:00 UTC. Japan CFTC JPY speculative net positions is scheduled for 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.