Weak sentiment sees Euro-Yen posting 0.27% loss

Published: January 26 2023, 04:35 GMT+0

Weak sentiment sees Euro-Yen posting 0.27% loss

EUR/JPY slides down from 141.36 to 140.98 today, losing 37 pips (0.27%).

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, France Jobseekers Total released yesterday 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 also seen in other pairs as GBP/JPY is down to 160.16, losing 43 pips, after closing at 160.6 in the preceding trading session. USD/JPY draws back 0.25% to trade around 129.18.

Though Euro-Yen has been dropping, other pairs have been performing better: NZD/USD is up 0.14%.

Furthermore, Euro Zone ECB President Lagarde speech set for 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.

Euro-Yen has gained 1.36% since its lowest print of 125.05 earlier this year.