- EUR/JPY failed to capitalize on the previous day’s gains and remained muted on Friday.
- The Euro remained grounded on upbeat economic data and ECB optimistic view on the economy.
- Yen flattered against majors on weaker economic recovery and spread of the highly contagious Delta variant.
EUR/JPY remains muted on Friday in the European trading hours. The pair rose from the low of 131.27 in the past two sessions and touched the high of 132.43 a day earlier.
At the time of writing, EUR/JPY is trading at 132.13, down 0.01% for the day.
The single currency remained resilient following the strong economic data. The Eurozone Jobless Rate fell to 7.9% in May, the lowest level since May 2020, and marginally below the market estimate of 8.0%. The IHS Markit Eurozone Manufacturing PMI grew to a new record of 63.4 in June, above the market consensus of 63.1.
Meanwhile, ECB President Christine Lagarde in the previous week said that the central bank is confident that the rebound in the global demand and a rapid vaccination program could result in a robust economic recovery.
It is worth noting that S&P 500 Futures were trading at 4,319 with 0.52% gains.
On the other hand, the Japanese yen is under pressure on the concerns of rising coronavirus infections. The Japanese government plans to extend its COVID-19 lockdown in Tokyo and other states by two weeks to a month.
Fears that extended lockdown could further hamper the fragile economic recovery kept investors away from the Japanese yen.
The Unemployment Rate in Japan rose to 3% in May, the highest level since December 2020. The data released in the previous week.
As for now, the market dynamics continue to influence the pair’s performance for the time being.
Traders keep their eye on the Euro Producer Price Index (PPI) data to gain some fresh trading impetus.
EUR/JPY additional levels
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
Gold falls amid a possible de-escalation of US-China tensions Premium
Gold pulled back from its all-time high of $3,500 per troy ounce reached earlier on Tuesday, as a resurgent US Dollar and signs of easing tensions in the US–China trade dispute appeared to draw sellers back into the market.
EUR/USD retreats to daily lows near 1.1440
EUR/USD loses the grip and retreats to the 1.1440 zone as the Greenback’s rebound now gathers extra steam, particulalry after some positive headlines pointing to mitigating trade concerns on the US-China front on Tuesday.
GBP/USD deflates to weekly lows near 1.3350
GBP/USD loses further momentum and recedes to the 1.3350 zone on Tuesday, or two-day troughs, all in response to the frmer tone in the US Dollar and encouraging news from the US-China trade scenario.
3% of Bitcoin supply in control of firms with BTC on balance sheets: The good, bad and ugly
Bitcoin disappointed traders with lackluster performance in 2025, hitting the $100,000 milestone and consolidating under the milestone thereafter. Bitcoin rallied past $88,000 early on Monday, the dominant token eyes the $90,000 level.
Five fundamentals for the week: Traders confront the trade war, important surveys, key Fed speech Premium
Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.