EUR/JPY is trading higher, up seven hundredths of the percent on Monday after the release of relatively upbeat Eurozone figures showed the region recording a trade surplus in January, and the final revisions of February inflation data matching flash estimates.
EUR/JPY trades higher at start of week as widely telegraphed BoJ price hike priced in. Eurozone data shows trade surplus in January and final estimates of inflation matching flash. Japanese Yen hampered by fears BoJ interest rate hike may be a “one and done” affair.
Deflation remains a hard nut to crack in Japan and although a recent round of wage negotiations has resulted in higher pay for workers, price gains have been hard won and some skepticism remains as to the longer-term inflation outlook, according to Bloomberg News. It may also be the case that stubbornly high inflation in the euro area is adjusting the outlook for interest rates there which is supporting the Euro .
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/JPY gains ground below the mid-162.00s, eyes on BoJ rate decisionThe EUR/JPY pair trades on a stronger note below the mid-162.00s during the Asian session on Monday.
Read more »
Euro Technical Analysis & Trade Setups - EUR/USD, EUR/GBP and EUR/JPYThis article dissects the technical outlook for EUR/USD, EUR/GBP, and EUR/JPY, scrutinizing price action dynamics and sentiment to glean insights into potential directional shifts.
Read more »
Euro Trade Setups Ahead of ECB Decision – EUR/USD, EUR/GBP and EUR/JPYNext week’s ECB meeting is unlikely to see any change in monetary policy but post-decision commentary may give traders a better view when the first rate cut is set to be announced
Read more »
Euro’s Outlook Hinges on ECB Guidance; Trade Setups on EUR/USD, EUR/GBP, EUR/JPYThis article discusses the upcoming ECB decision and its potential ramifications for the euro's outlook. In the piece, we also explore the technical profile for EUR/USD, EUR/GBP, and EUR/JPY, assessing price action dynamics and market sentiment.
Read more »
EUR/JPY Price Analysis: Bears hold short-term dominance, long-term bullish outlook persistsIn Monday's session, the EUR/JPY pair is trading at 160.57, showing a daily decrease of 0.19%.
Read more »
EUR/JPY Price Analysis: Bulls gain control, buyers might start to take profitsThe EUR/JPY pair is seen holding comfortable grounds at 161.83, marking a gain of 0.31%.
Read more »