Euro-Yen set for weak finish today; down 0.21% to 141.4 with 2 hours before close

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

Euro-Yen set for weak finish today; down 0.21% to 141.4 with 2 hours before close

In a range-bound session favoring short positions, EUR/JPY remains constrained in a 140.75 to 142.29 range and is currently trading close to 141.4.

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, data for France Jobseekers Total released today at 11:00 UTC is better than expected with 2.82 million, but worse than previous figure of 2.81 million. 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 also seen in other pairs as after ending yesterday's session at 1.3194, USD/SGD lost 64 pips and is trading around 1.3129.

Positive performances can be seen by looking at other currencies as GBP/NZD is up 0.83%. Having closed the previous session at 1.6479, GBP/CAD is up 0.73% today to currently trade at around 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) will be released 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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