Eurozone PMI releases and ECB President Lagarde’s speeches drive EUR higher, pushing EUR/JPY toward 185.30.
The Euro rose 0.16% against the Yen on Monday, with EUR/JPY approaching 185.30 as traders awaited Eurozone preliminary HCOB Purchasing Managers Index data. The move reflects market focus on economic activity indicators and potential signals from European Central Bank communications.
Earlier sessions saw the Yen remain under pressure amid shifting expectations for Bank of Japan policy. The Eurozone PMI data, a key gauge of business activity, is closely watched for signs of economic momentum following recent mixed prints. Lagarde’s speeches may provide further clarity on the ECB’s rate path.
No immediate market reaction was reported beyond the modest EUR/JPY gain.