The currency pair trades at 186.30 after touching a 12-week high of 186.67, with mixed economic data yielding little volatility.
The Euro remains steady near a 12-week high against the Yen, with EUR/JPY trading around 186.30 after briefly reaching 186.67. Fresh PMI data from both the Eurozone and Japan failed to drive significant market movement, leaving the cross in a narrow range.
Earlier, the Eurozone reported stronger-than-expected PMI figures, while Japanese data showed mixed results. Despite the divergence, traders appeared cautious, avoiding sharp directional bets. The pair’s recent rally had already priced in much of the positive Eurozone sentiment.
Market reaction has been muted, with no immediate shift in positioning. Traders are likely awaiting further cues before committing to new trends in the cross.