The EUR/JPY currency pair has surrendered some of its intraday gains, declining to approximately 157.50 after reaching a high of 158.23 during European trading hours. The release of preliminary HCOB Purchasing Managers’ Index (PMI) data for the Eurozone, along with figures from Germany and France, sparked selling pressure in the market. This pullback illustrates the impact of economic indicators on currency movements, prompting traders to stay attentive to upcoming data releases that could further sway market sentiment.