EUR/JPY is showing resilience, trading around 183.40 during the Asian session on Tuesday after two consecutive days of losses. This upward movement suggests a degree of stabilization in the currency pair as traders await crucial economic data. The focus is shifting toward the upcoming HCOB Purchasing Managers’ Index (PMI) reports from Germany and the Eurozone, which could significantly influence market sentiment.
As the exchange rate hovers near the 183.50 level, investors are keenly monitoring these indicators for insights into economic health and potential impacts on the Euro. A strong PMI could bolster the EUR, while softer data may lead to renewed selling pressure. Overall, the dynamics of the EUR/JPY pair reflect ongoing market uncertainties as traders position themselves ahead of this key data release.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 04:57
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.