Euro-Yen set for weak finish today; down 0.16% to 141.46 with 2 hours before close

Published: January 25 2023, 21:50 GMT+0

Euro-Yen set for weak finish today; down 0.16% to 141.46 with 2 hours before close

EUR/JPY remains range-bound within a 140.75 to 142.29 range but falls to 141.46 in choppy trade.

Highly important Business Climate Index data from Germany beat analyst expectations of 90.2 with a reading of 90.2.

While price action maintains a negative bias, France Jobseekers Total released today at 11:00 UTC is better than expected at 2.82 million but down from preceding data of 2.81 million according to new data. Data for Germany Business Expectations published today at 09:00 UTC came out at 86.4, beating projections of 85 and showing improvement over the preceding figure of 83.2.

In the meantime, negative performances are seen in other pairs, after ending yesterday's session at 1.3194, USD/SGD lost 68 pips and is trading around 1.3126.

Though Euro-Yen has been dropping, other pairs have been performing better: GBP/NZD surges 0.84% to trade around 1.9132. GBP/CAD added 0.73% to its value, now trading at 1.66.

Furthermore, Japan Tokyo Core CPI (YoY) (Jan) will be released tomorrow at 23:30 UTC. Japan CPI Tokyo Ex Food and Energy (MoM) (Jan) is expected tomorrow at 23:30 UTC.

Euro-Yen has gained 1.59% since its lowest print of 125.05 earlier this year.

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