Created
: 2025.04.22
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
EUR/JPY attracts some sellers to near 161.50 amid safe-haven flows
World FX news
Breaking news
EUR/JPY attracts some sellers to near 161.50 amid safe-haven flows
New
2025.04.22 14:24
2025.04.22 14:24
2025.04.22 14:24
- EUR/JPY weakens to near 161.65 in Tuesday's Asian session, losing 0.33% on the day.
- The rising safe-haven demands support the Japanese Yen.
- The preliminary reading of the April HCOB PMI from the Eurozone, Germany will take center stage on Wednesday.
The EUR/JPY cross attracts some sellers to around 161.65 during the early European session on Tuesday. The Japanese Yen (JPY) strengthens against the Euro (EUR) amid concerns over US President Donald Trump's tariffs and the escalating US-China trade war.
Persistent trade-related uncertainties triggered by Trump and his fresh attack on Federal Reserve (Fed) Chair Jerome Powell rattled markets. This, in turn, boosts the safe-haven flows, benefiting the JPY in the near term. White House economic adviser Kevin Hassett said on Friday that Trump and his administration were continuing to study whether they could fire the Fed's Powell.
Additionally, the rising bets that the Bank of Japan (BoJ) will continue raising interest rates might contribute to the JPY's upside and act as a headwind for EUR/JPY. BoJ Governor Kazuo Ueda said last week that Japan's real interest rates remain very low and that the BoJ is expected to keep raising interest rates if the economy and prices move in line with projections. The view was further echoed by BoJ board member Junko Nagakawa.
On the Euro front, the dovish stance of the European Central Bank (ECB) might weigh on the shared currency. The ECB decided to cut its main interest rate by a quarter of a percentage point to 2.25% at its April meeting last week. During the press conference, ECB President Christine Lagarde said that US tariffs on EU goods, which had increased from an average of 3% to 13%, were already harming the outlook for the European economy.
Investors will keep an eye on the preliminary reading of the HCOB Purchasing Managers Index (PMI) from the Eurozone and Germany for April, which is due later on Wednesday. If the reports show a stronger-than-expected outcome, this could help limit the EUR's losses.
Japanese Yen FAQs
The Japanese Yen (JPY) is one of the world's most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan's policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan's mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ's stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen's value against other currencies seen as more risky to invest in.
Last updated
: 2025.04.22
Related articles
EUR a mid-performer in context of broad-based USD weakness - Scotiabank
12 minutes agoCAD up marginally and a relative underperformer - Scotiabank
15 minutes agoUSD/CAD steady below 1.3950 as soft US inflation weighs on the US Dollar
17 minutes agoUSD extending weakness as markets focus on US/Korea talks, US bias - Scotiabank
22 minutes agoMexican Peso hits fresh YTD high as Banxico rate cut, Fed signals, and US trade tensions loom
2025.05.14 20:53GBP/JPY Price Forecast: Retraces from four-month high above 196.50
2025.05.14 20:28
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
EUR a mid-performer in context of broad-based USD weakness - Scotiabank
The Euro (EUR) is entering Wednesday's NA session with a decent 0.5% gain, a mid-performer among the G10 in the context of a broadly weaker US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.05.14 21:55CAD up marginally and a relative underperformer - Scotiabank
The Canadian Dollar (CAD) is up marginally vs. the US Dollar (USD) and continuing to underperform its G10 peers for a second consecutive session, trading with the broader trend but with moves of a smaller magnitude, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.05.14 21:53USD/CAD steady below 1.3950 as soft US inflation weighs on the US Dollar
The USD/CAD pair remains under pressure for the second consecutive day, trading flat near 1.3950 during Wednesday's European trading hours.
New
2025.05.14 21:51USD extending weakness as markets focus on US/Korea talks, US bias - Scotiabank
The US Dollar (USD) is weakening broadly into Wednesday's NA session, extending Tuesday's CPI driven-decline and retracing most of its US/China-trade related relief gains from the start of the week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.05.14 21:45Mexican Peso hits fresh YTD high as Banxico rate cut, Fed signals, and US trade tensions loom
The Mexican Peso (MXN) posts a second consecutive day of gains on Wednesday against the US Dollar (USD), slipping below 19.40 ahead of key commentary from Federal Reserve (Fed) officials that could influence the monetary policy outlook.
New
2025.05.14 20:53GBP/JPY Price Forecast: Retraces from four-month high above 196.50
The GBP/JPY pair corrects to near 194.45 during European trading hours on Wednesday from its four-month high of 196.40 posted earlier in the day.
New
2025.05.14 20:28US Dollar extends losses for second consecutive day after inflation miss, Forex talks with Korea
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is adding to its losses and dives toward the 100-marker on Wednesday.
New
2025.05.14 20:26GBP: Eyeing a break higher - ING
The US jobs market has continued to cool, ING's FX analyst Francesco Pesole notes.
New
2025.05.14 20:04USD: Strategic USD shorts quickly re-emerge - ING
The dollar gave back almost all of its post-China-deal gains in one session.
New
2025.05.14 20:01EUR: Not in a prime position to rally - ING
EUR/USD is back to trading close to the 1.120 mark, entirely driven by the swings in the dollar following the US-China deal and CPI numbers, ING's FX analyst Francesco Pesole notes.
New
2025.05.14 19:54Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
