Bearish
EUR/JPY remains near 181.50 as yen strength persists amid intervention concerns.
Over the past 24 hours, EUR/JPY has maintained a trading range around 181.50, influenced by the Japanese yen's sustained strength. This strength is partly due to Japan's top currency diplomat reiterating readiness for foreign exchange market intervention, which has heightened market caution. Additionally, the Eurozone's mixed economic data, particularly in the services sector, has contributed to the euro's relative weakness.
Key points
- EUR/JPY holds near 181.50 as yen strength persists amid intervention concerns.
- Japan's top currency diplomat reiterates readiness for market intervention.
- Eurozone services sector shows mixed performance, with Germany's PMI revised higher and France's lower.
Sources
AI-generated from public news sources. Not financial advice.
