EURJPY Slides Below 159.00: Inflation Impact Analysis
The EURJPY pair has lost momentum, currently trading around 158.80 during Friday’s session. This shift is influenced by strengthening of the Japanese Yen following the release of Japan’s Tokyo Consumer Price Index (CPI) data for November, which surpassed expectations. Investors should remain attentive to how these economic indicators affect this currency pair and consider their implications for Forex trading strategies. Understanding the interplay between inflation data and currency movements is crucial for informed decision-making in this market.
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