The Euro extends gains against the Yen for a fourth day after Japan’s household spending misses expectations, pressuring the JPY.
The Euro climbed to 185.40 against the Japanese Yen during Tuesday’s Asian trading session, marking a fourth consecutive day of gains. The move follows weaker-than-expected Japan household spending data, which weighed on the Yen.
Japan’s household spending declined more than anticipated, reinforcing concerns about domestic demand and economic momentum. The currency pair has risen steadily since the data release, reflecting shifting market sentiment.
EUR/JPY remains near session highs, with traders monitoring further economic indicators from Japan and the Eurozone for directional cues.