Euro-Yen set for weak finish today; down 0.23% to 141.37 with 3 hours before close

Published: January 25 2023, 20:06 GMT+0

Euro-Yen set for weak finish today; down 0.23% to 141.37 with 3 hours before close

EUR/JPY recovering almost all the way back to 141.69 today, after dipping down to 140.75.

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. 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 USD/SGD is down 64 pips from the beginning of the session and now trades around 1.3129.

Though Euro-Yen has been dropping, other pairs have been performing better: GBP/NZD gained 0.83% and is now trading at 1.9131. Having closed the previous session at 1.6479, GBP/CAD is up 0.64% today to currently trade at around 1.6585.

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.

Euro-Yen has managed to gain 1.59% so far this year despite trading at lows around 125.05 previously.

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