German industrial production matched forecasts with a 0.4% monthly gain in April, while exports hit a near 3½-year high, supporting the Euro.
EUR/JPY climbed to 184.90 in Asian trading, extending gains for a second day after German industrial production rose 0.4% month-on-month in April, matching expectations. The increase followed a revised 0.1% decline in March, with annual output down 0.5% after a 3.4% drop in the prior month.
Germany’s trade surplus narrowed to €14.5 billion in April, below the €15.0 billion forecast, as imports grew faster than exports. Exports rose 0.9% to €136.6 billion, a near 3½-year high, while imports increased 1.2% to €122.1 billion, the highest since November 2022.
The Euro’s upside remains constrained by a stabilizing Japanese Yen, with recent declines in global oil prices easing energy cost concerns.