Friday's lacklustre market sentiment sees Euro-Yen drop 0.79%

A quick look at Friday: EUR/JPY ended Friday at 140.64 following from closing Thursday at 141.76. Overall, this represents a loss of 112 pips or 0.79%.

Euro-Yen's value drop coincided with the fact that USD/JPY is down to 131.8, losing 178 pips, after ending the previous session around 133.59. USD/SGD lost 0.44% Friday and closed at 1.3456. After ending Friday's session at 1.7137, EUR/NZD lost 127 pips and is trading around 1.7009.

Furthermore, Germany Producer Price Index projected to come out at -1.6% — worse than previous data of -1%; data will be released tomorrow at 07:00 UTC. Euro Zone Trade Balance (Jan) is expected tomorrow at 10:00 UTC.

This year has been a bright one for Euro-Yen after trading as low as 128.26 and going on to appreciate by 2.43% year to date.