The currency pair edges up 0.06% as markets weigh Bank of Japan policy signals against downbeat German economic sentiment.
The euro traded marginally higher against the yen at 183.90, rising just 0.06% on Thursday, reflecting cautious market sentiment. Investors remain hesitant as the Bank of Japan’s hawkish stance contrasts with fragile German economic data, limiting upside momentum.
Earlier, the pair hovered near 183.80, with minimal volatility despite broader risk sentiment shifts. German ZEW economic sentiment earlier this week fell short of expectations, while BoJ officials hinted at potential policy normalization, keeping traders on edge.
Market reaction has been muted, with no significant moves in bond yields or equity futures tied to the pair’s performance.