Bearish
EUR/JPY drops 1.37% to 181.40 amid Japanese intervention threats
In the past 24 hours, EUR/JPY declined by 1.37%, trading around 181.40, following Japan's top currency diplomat, Atsushi Mimura, reiterating that authorities remain ready to intervene in the foreign exchange market. This intervention threat has strengthened the Japanese Yen against the Euro. Additionally, mixed Eurozone PMI data, with persistent weakness in the German and French services sectors, has further pressured the Euro.
Key points
- EUR/JPY falls 1.37% to 181.40 amid Japanese intervention threats
- Eurozone PMI data shows persistent weakness in German and French services sectors
Sources
AI-generated from public news sources. Not financial advice.
