EUR/JPY falls 0.35% to 184.95 after Japan’s pension reforms boost demand for the yen amid softer Eurozone inflation data.
The Japanese yen strengthened against the euro on Friday, with EUR/JPY dropping 0.35% to 184.95. The move follows Japan’s announcement of potential pension reforms, increasing demand for domestic assets and lifting the yen.
Eurozone inflation data released earlier showed a cooling trend, reducing support for the euro. The currency pair had traded higher in previous sessions but reversed as market focus shifted to Japan’s policy adjustments.
No immediate market reaction beyond the currency movement was reported, though analysts suggest further yen gains could materialize if reforms accelerate.