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About: anakin
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The EUR/JPY pair approaches 157.00 as the Yen weakens against various currencies.
EUR/JPY nears 157.00 as Yen weakens after Tokyo CPI data; outlook remains bearish despite Euro’s resilience.
Germany’s February CPI matches expectations at +2.3%, while core inflation decreases to 2.6%.
Germany’s February CPI rose 2.3% year-on-year, while HICP increased 2.8%, with core inflation declining to 2.6%.
According to Scotiabank’s Chief FX Strategist, the GBP performs strongly but remains 0.3% lower against the USD.
Pound Sterling leads G10 but remains down. GBP/USD stabilises near support. Trade risks pressure EUR/GBP at 0.82.
The dollar remained stable while markets prepared for upcoming announcements and month-end fluctuations.
Dollar steady; USD/JPY above 150.00; EUR/USD, GBP/USD stable; gold down; Bitcoin drops; US PCE data awaited.
Scotiabank’s Shaun Osborne observes the EUR is weak but has improved from its lows.
France’s inflation stagnates, weakening euro; bearish trend persists with potential drop toward 1.02 amid trade concerns.
