Euro-Yen set for weak finish today; down 0.23% to 141.36 with 4 hours before close

Published: January 25 2023, 19:15 GMT+0

Euro-Yen set for weak finish today; down 0.23% to 141.36 with 4 hours before close

EUR/JPY weakened earlier in the day, before moving away from its 140.75 low and recovering back to 141.36.

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

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 came out at 86.4, better than analyst estimates of 85 and improving upon the previous reading of 83.2.

In the meantime, negative performances are seen in other pairs, USD/SGD is down to 1.3131, losing 62 pips, after closing at 1.3194 in the preceding trading session.

Positive performances can be seen by looking at other currencies as having closed the previous session at 1.8972, GBP/NZD is up 0.75% today to currently trade at around 1.9115. GBP/CAD added 0.67% to its value, now trading at 1.6589.

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