Euro-Yen set for weak finish today; down 0.18% to 141.44 with 4 hours before close

Published: January 25 2023, 19:31 GMT+0

Euro-Yen set for weak finish today; down 0.18% to 141.44 with 4 hours before close

EUR/JPY weakened earlier in the day, before moving away from its 140.75 low and recovering back to 141.44.

New Business Climate Index data from Germany matched market expectations with a reading of 90.2 — a positive step in contrast to previous data of 88.6 from last month.

Amid the market gloom, 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. Germany Business Expectations beat analyst expectations of 85 and the previous reading of 83.2 with new data of 86.4.

In the meantime, negative performances are also seen in other pairs as after ending yesterday's session at 1.3194, USD/SGD lost 60 pips and is trading around 1.3134.

Positive performances can be seen by looking at other currencies as GBP/NZD is up 0.8% to 1.9123. GBP/CAD is up 0.69%.

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 scheduled for tomorrow at 23:30 UTC.

This year has been a bright one for Euro-Yen after trading as low as 125.05 and going on to appreciate by 1.59% year to date.

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