Mixed sentiment sees Euro-Yen currency pair ending the session broadly flat; establishes tight 140.86 to 141.39 range

Published: January 26 2023, 06:46 GMT+0

Mixed sentiment sees Euro-Yen currency pair ending the session broadly flat; establishes tight 140.86 to 141.39 range

EUR/JPY drops from 141.36 to 141.28, losing 7 pips (0.05%) today.

New Business Climate Index data from Germany matched market expectations with a reading of 90.2 — a positive step in contrast to previous data of 88.6 from last month.

Meanwhile, data for France Jobseekers Total released yesterday 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 yesterday 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 seen in other pairs, USD/SGD is down to 1.3112, losing 17 pips, after closing at 1.3129 in the preceding trading session. GBP/NZD is down to 1.91, losing 30 pips, after closing at 1.9131 in the preceding trading session.

Positive performances can be seen by looking at other currencies as having closed the previous session at 0.6482, NZD/USD is up 0.21% today to currently trade at around 0.6495.

Furthermore, Euro Zone ECB President Lagarde speech will be released tomorrow at 10:30 UTC. Japan Tokyo Core CPI (YoY) (Jan) is scheduled for today at 23:30 UTC. Spain GDP figure is projected at 0.1. It previously stood at 0.1; data will be released tomorrow at 08:00 UTC.

This year has been a bright one for Euro-Yen after trading as low as 125.05 and going on to appreciate by 1.36% year to date.

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