The currency pair edges up 0.07% after softer German inflation data and Japanese authorities signal potential intervention.
EUR/JPY traded modestly higher at 185.10, up 0.07% on Tuesday, as the Euro found support despite weaker-than-expected German inflation figures. The pair’s stability followed recent volatility in the Yen amid warnings from Japanese officials about excessive currency moves.
German inflation data released earlier showed a softer print, easing pressure on the European Central Bank. Meanwhile, Japan’s finance ministry reiterated its readiness to act against sharp Yen declines, though no intervention materialized. The pair remains near multi-year highs, reflecting broader USD strength and divergent monetary policy expectations.
Markets showed limited reaction, with traders awaiting further cues on ECB rate cuts and potential Japanese policy shifts.