Kicking off the session at 144.25, Euro-Yen currency pair peaks at 145.07

Published: November 25 2022, 09:50 GMT+0

Kicking off the session at 144.25, Euro-Yen currency pair peaks at 145.07

Marginally higher but lacking a clear-cut direction, EUR/JPY is trading at 144.95 after ranging between 144.08 and 145.07 today.

On the flip side, data for Germany GDP published today at 07:00 UTC came out at 0.4, beating projections of 0.3 and showing improvement over the preceding figure of 0.1. Highly important Business Climate Index data from Germany beat analyst expectations of 85 with a reading of 86.3.

Meanwhile, data for Germany GDP released today at 07:00 UTC is better than expected with 1.2%, but worse than previous figure of 1.7%.

Other currencies are also rising as USD/JPY rallies 0.59% to trade around 139.4. GBP/JPY is up 0.31%. EUR/NZD climbs 0.36% to trade around 1.6679.

The market is looking forward to the release of new data: Euro Zone ECB's De Guindos speech will be released today at 17:00 UTC. Japan CFTC JPY speculative net positions is scheduled for today at 19:30 UTC. Euro Zone CFTC EUR speculative net positions is expected today at 19:30 UTC.

Euro-Yen is now trading 2.19% away from its significant high of 147.48 first tested a month ago.

Back