JPY to EUR Exchange Rates & Currency Deals

Current market bias: The EUR/JPY exchange rate is currently range-bound. Key drivers: - The interest rate differential has recently narrowed as Japan raised rates to 0.75%, while the ECB remains cautious about a strong euro affecting growth. - Ongoing geopolitical tensions, notably the conflict in Ukraine, are putting pressure on the euro's stability. - Japan's mixed economic outlook, with improving business sentiment among manufacturers, supports the yen. Near-term range: The trading range is expected to remain stable, reflecting recent movements around 184.0. What could change it: A positive surprise in Eurozone economic data could strengthen the euro, while renewed geopolitical tensions or negative economic indicators from Japan could weaken the yen. --- EUR/JPY is currently range-bound as the interest rate gap narrows. Recent Japanese rate hikes and ongoing geopolitical tensions related to Ukraine are influencing stability. Economic data from the Eurozone could alter the current dynamics in either direction