EUR/JPY depreciates as rising wages bolster the odds of the BoJ rate hikes again.
Japan’s Labor Cash Earnings jumped 4.8% YoY in December, rising from 3.9% in November.
The Euro remains under pressure as investors brace for a potential Trump's tariff targeting the Eurozone.
Japan’s Labor Cash Earnings jumped 4.8% YoY in December, rising from 3.9% in November.
The Euro remains under pressure as investors brace for a potential Trump's tariff targeting the Eurozone.
Trade closed: target reached
Considering the strengthening of the U.S. dollar, which results in the weakening of the euro, and the divergence in monetary policies between the Bank of Japan and the European Central Bank, I anticipate a downward trend for this currency pair, similar to the USD/JPY movement. Therefore, in the upcoming week, if a viable trading edge presents itself in accordance with my strategy, I will share the analysis on my Telegram channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.