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EUR/JPY pulls back toward 173.00 ahead of German ZEW Survey Economic Sentiment

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EUR/JPY pulls back toward 173.00 ahead of German ZEW Survey Economic Sentiment

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New update 2025.09.16 16:44
EUR/JPY pulls back toward 173.00 ahead of German ZEW Survey Economic Sentiment

update 2025.09.16 16:44

  • EUR/JPY slips ahead of Eurozone Industrial Production figures and the German ZEW Economic Sentiment survey.
  • The Bank of Japan is widely expected to keep interest rates unchanged at 0.5% on Friday.
  • The Euro receives support on hawkish comments from the ECB officials.

EUR/JPY depreciates after three days of gains, trading around 173.10 during the early European hours on Tuesday. Traders await seasonally adjusted Eurozone Industrial Production figures for July and German ZEW Survey Economic Sentiment data for September.

The downside of the EUR/JPY cross could be restrained as the Japanese Yen (JPY) may lose ground amid expectations that the Bank of Japan (BoJ) will keep interest rates unchanged at 0.5% on Friday, given mixed economic signals and political uncertainty.

Traders are looking ahead to Japan's August Merchandise Trade Balance, due Wednesday, which is expected to remain in deficit. Attention will then shift to Friday's inflation data, with core CPI forecast to slow to 2.7%, marking its lowest level since November 2024.

The Euro (EUR) receives support from hawkish remarks by European Central Bank (ECB) officials. ECB board member Isabel Schnabel said on Tuesday that interest rates in the Eurozone are in a good place and added that upside risks to inflation continue to dominate. Schnabel said the growth is likely to exceed the potential, with domestic demand counteracting falling exports.

ECB policymaker Peter Kazimir said Monday that policy should not be adjusted over "small deviations" from the inflation target, while warning of upside risks to inflation. Kazimir added that interest rates have been brought into neutral territory.

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the Australian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.26% -0.25% -0.31% -0.06% 0.05% 0.00% -0.31%
EUR 0.26% 0.00% -0.17% 0.19% 0.36% 0.25% -0.05%
GBP 0.25% -0.00% -0.14% 0.19% 0.37% 0.25% -0.06%
JPY 0.31% 0.17% 0.14% 0.32% 0.43% 0.14% 0.06%
CAD 0.06% -0.19% -0.19% -0.32% 0.11% 0.03% -0.24%
AUD -0.05% -0.36% -0.37% -0.43% -0.11% -0.03% -0.41%
NZD -0.01% -0.25% -0.25% -0.14% -0.03% 0.03% -0.26%
CHF 0.31% 0.05% 0.06% -0.06% 0.24% 0.41% 0.26%

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 Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).


Date

Created

 : 2025.09.16

Update

Last updated

 : 2025.09.16

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