EUR/JPY is experiencing modest gains, trading above the 183.00 level as buyers stepped in during the Asian session on Wednesday. This shift comes after the currency pair had faced a three-day losing streak, largely influenced by a broadly weaker Japanese Yen (JPY). The market is positioning itself ahead of the upcoming Eurozone Consumer Price Index (CPI) report, which could further impact trading dynamics.
As traders anticipate the implications of the Eurozone CPI data, the exchange rate for EUR/JPY reflects a potential rebound. The recent weakness in the JPY has provided support for the euro (EUR), allowing the currency pair to recover. Market participants are closely monitoring the economic releases, which could set the tone for future trading in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-07 04:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.