Tin tức thì trường
11.09.2024, 03:14

EUR/JPY struggles near mid-158.00s, over one-month low amid notable JPY strength

  • EUR/JPY drifts lower for the second successive day and drops to over a one-month low.
  • A softer risk tone, along with BoJ rate hike bets, boosts the JPY and exerts some pressure.
  • Dovish ECB expectations contribute to the slide and support prospects for further losses.

The EUR/JPY cross attracts sellers for the second successive day on Wednesday and drops to the 158.20 area, or its lowest level since August 5 during the Asian session. Spot prices, however, manage to recover a few pips in the last hour and currently trade around the mid-158.00s, still down nearly 0.30% for the day amid some follow-through buying around the Japanese Yen (JPY).

Investors turn cautious ahead of the release of the crucial US consumer inflation figures later this Wednesday, which will play a key role in influencing expectations about the Federal Reserve's (Fed) rate-cut path. This is evident from a generally weaker tone around the equity markets and drives some haven flows towards the JPY. Adding to this, hawkish remarks by Bank of Japan (BoJ) board member Junko Nagakawa provide an additional boost to the JPY and exert downward pressure on the EUR/JPY cross. 

Nagakawa noted that even after the July rate hike, real interest rates remain deeply negative, and accommodative monetary conditions are maintained. She added that the BoJ is likely to adjust the degree of monetary easing if the economy and prices move in line with its projection. In contrast, the European Central Bank (ECB) is almost certain to lower rates again at its September meeting on Thursday amid declining inflation in the Eurozone. This further contributes to the offered tone surrounding the EUR/JPY cross. 

The JPY bulls, meanwhile, seem rather unaffected by a Reuters monthly poll, which showed that business confidence at big Japanese manufacturers sank to a seven-month low of 4 in September, down sharply from 10 in the previous month. Adding to this, the mood at non-manufacturers fell for a third consecutive month, to a one-year-low, suggesting a gloomy sentiment. This, however, does little to lend any support to the EUR/JPY cross, suggesting that the near-term bias remains tilted firmly in favor of bearish traders.

Japanese Yen PRICE Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the New Zealand Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.11% -0.04% -0.41% -0.01% 0.04% 0.11% -0.21%
EUR 0.11%   0.07% -0.30% 0.12% 0.20% 0.22% -0.09%
GBP 0.04% -0.07%   -0.37% 0.04% 0.07% 0.15% -0.16%
JPY 0.41% 0.30% 0.37%   0.40% 0.43% 0.49% 0.19%
CAD 0.00% -0.12% -0.04% -0.40%   0.04% 0.12% -0.20%
AUD -0.04% -0.20% -0.07% -0.43% -0.04%   0.01% -0.22%
NZD -0.11% -0.22% -0.15% -0.49% -0.12% -0.01%   -0.30%
CHF 0.21% 0.09% 0.16% -0.19% 0.20% 0.22% 0.30%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

 

© 2000-2024. Bản quyền Teletrade.

Trang web này được quản lý bởi Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Thông tin trên trang web không phải là cơ sở để đưa ra quyết định đầu tư và chỉ được cung cấp cho mục đích làm quen.

AML Website summary

Cảnh báo rủi ro

Giao dịch trên thị trường tài chính (đặc biệt là giao dịch sử dụng các công cụ biên) mở ra những cơ hội lớn và tạo điều kiện cho các nhà đầu tư sẵn sàng mạo hiểm để thu lợi nhuận, tuy nhiên nó mang trong mình nguy cơ rủi ro khá cao. Chính vì vậy trước khi tiến hành giao dịch cần phải xem xét mọi mặt vấn đề chấp nhận tiến hành giao dịch cụ thể xét theo quan điểm của nguồn lực tài chính sẵn có và mức độ am hiểu thị trường tài chính.

Chính sách bảo mật

Sử dụng thông tin: sử dụng toàn bộ hay riêng biệt các dữ liệu trên trang web của công ty TeleTrade như một nguồn cung cấp thông tin nhất định. Việc sử dụng tư liệu từ trang web cần kèm theo liên kết đến trang teletrade.vn. Việc tự động thu thập số liệu cũng như thông tin từ trang web TeleTrade đều không được phép.

Xin vui lòng liên hệ với pr@teletrade.global nếu có câu hỏi.

Chuyển khoản
ngân hàng
Feedback
Hỏi đáp Online E-mail
Lên trên
Chọn ngôn ngữ / vùng miền