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EUR/JPY extends losses to near 164.50 amid Japan’s intervention fear

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EURJPY News

Crosses,Macroeconomics,Japan

EUR/JPY extends its losses for the third consecutive session, trading around 164.60 during the European session on Friday.

EUR/JPY continues to lose ground amid potential market intervention by Japan ese authorities. BoJ data showed that Japan ese authorities possibly expended approximately ¥6.0 and ¥3.66 trillion on Monday and Wednesday, respectively, to bolster the JPY. ECB Chief Economist Philip Lane underlined the central bank's commitment to maintaining a data-dependent approach.

Additionally, several members believed that market forces should primarily determine long-term rates. In the European Union, the Unemployment Rate, as reported by Eurostat, remained unchanged at 6.5% in March, aligning with market forecasts and consistent with the preceding three months. The figure reflects a decline of 94,000 unemployed individuals compared to the previous month, bringing the total to 11.08 million.

Source: Digital Coin News (digitalcoinnews.net)

Crosses Macroeconomics Japan Eurozone

 

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