- The EUR/JPY falls abruptly about 171.00 due to the continuous performance of the euro.
- Investors expect preliminary eurozone inflation data for July.
- The BOJ is expected to keep the stable interest rates on Thursday.
The EUR/JPY pair falls about 171.00 during the Asian trading session on Wednesday. The torque falls abruptly since the euro (EUR) continues to yield below its peers, after the announcement of a commercial agreement between the United States (USA) and the European Union (EU) on Sunday.
Euro price this week
The lower table shows the percentage of euro change (EUR) compared to the main currencies this week. Euro was the weakest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 1.77% | 0.60% | 0.21% | 0.43% | 1.01% | 0.92% | 1.04% | |
| EUR | -1.77% | -1.18% | -1.51% | -1.33% | -0.75% | -0.85% | -0.73% | |
| GBP | -0.60% | 1.18% | -0.51% | -0.15% | 0.44% | 0.34% | 0.44% | |
| JPY | -0.21% | 1.51% | 0.51% | 0.23% | 0.76% | 0.69% | 0.98% | |
| CAD | -0.43% | 1.33% | 0.15% | -0.23% | 0.55% | 0.49% | 0.60% | |
| Aud | -1.01% | 0.75% | -0.44% | -0.76% | -0.55% | -0.10% | -0.01% | |
| NZD | -0.92% | 0.85% | -0.34% | -0.69% | -0.49% | 0.10% | 0.10% | |
| CHF | -1.04% | 0.73% | -0.44% | -0.98% | -0.60% | 0.00% | -0.10% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the euro of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the EUR (base)/USD (quotation).
The US officials and the EU agreed a base fee of 15% in Brussels, which is similar to what Washington has imposed on Japan. The 15% base tariff rate is half of what the US president Donald Trump threatened in the middle of the month.
“While the fortress of the US dollar may reflect the perception that the new US Agreement.
In the Eurozone, investors expect the preliminary data of the harmonized consumer price index (HICP) for July of the shared continent and its main economies. Price pressures are expected to have grown at a moderate pace.
In Japan, investors expect the announcement of the monetary policy of the Bank of Japan (BOJ) on Thursday. The BOJ is expected to maintain stable interest rates at 0.5%. Investors will pay special attention to the BOJ guide on interest rates for the rest of the year.
The tariff agreement between the US and Japan is expected to be a great relief for BOJ officials, which has decreased uncertainty around economic perspectives.
Economic indicator
BOJ interest rates
He Bank of Japan Set the interbank interest rate. This rate affects a range of interest rates set by commercial banks, construction societies and other institutions towards their own savers and borrowers. It also affects the price of financial assets, such as bonds, actions and exchange rates, which affect the consumer and the demand for businesses in a variety of forms. If the Bank of Japan has a firm perspective with respect to the Japanese economy and increases the current interest rate, this is upward to the YEN. Instead, a slight perspective that leads to the bank to reduce or maintain current types will be bassist for the YEN.
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Next publication:
Jul 31, 2025 03:00
Frequency:
Irregular
Dear:
0.5%
Previous:
0.5%
Fountain:
Bank of Japan
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
