{"id":182056,"date":"2023-10-27T12:27:09","date_gmt":"2023-10-27T06:57:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=182056"},"modified":"2023-10-27T12:27:09","modified_gmt":"2023-10-27T06:57:09","slug":"eur-jpy-attracts-some-sellers-above-158-50-ahead-of-eurozone-data-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eur-jpy-attracts-some-sellers-above-158-50-ahead-of-eurozone-data-crypto-news\/","title":{"rendered":"EUR\/JPY attracts some sellers above 158.50 ahead of Eurozone data &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>EUR\/JPY edges lower to 158.60 in early European session on Friday.<\/strong><\/li>\n<li><strong>Japan\u2019s inflation rose faster than expected in October.<\/strong><\/li>\n<li><strong>European Central Bank (ECB) ECB maintained the rates unchanged, as widely expected.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/JPY cross loses ground during the early European trading session on Friday. The cross currently trades around 158.61, up 0.01% for the day. Market players await the Spain\u2019s Gross Domestic Product (GDP) estimated for the third quarter. The quarterly and annual growth numbers are expected to expand by 0.3% and 1.6%, respectively.<\/p>\n<p>The recent Japanese <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">National Consumer Price Index<\/a> (CPI) data suggested the nation\u2019s inflation rose faster than expected in October. The report is likely to prompt the Bank of Japan (BoJ) to take a more hawkish stance at its upcoming BoJ meeting next week.<\/p>\n<p>Data released by the Japan Statistics Bureau on early Friday revealed that Japan\u2019s CPI came in at 3.3% YoY in October versus 2.8% prior. Meanwhile, CPI ex Fresh Food climbed to 2.7% YoY from 2.5% in the previous reading.<\/p>\n<p>Early Friday, Japan\u2019s Chief Cabinet Secretary Hirokazu Matsuno said that he expects <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boj\">BoJ<\/a> to implement appropriate monetary policy in order to sustainably and stably meet its price target. Japanese Finance Minister Shunichi Suzuki stated that the excessive FX volatility is undesirable and policymakers will take thorough steps on FX with a strong sense of urgency. Nonetheless, Japanese policymakers declined to comment on the FX level and intervention.<\/p>\n<p>That being said, the BoJ policy meeting next week will be in the spotlight. The hawkish stance from the BoJ or any signal to leave the ultra-accommodative monetary policy might trigger <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/volatility\">volatility<\/a> in the market.<\/p>\n<p>On the other hand, the European Central Bank (ECB) ECB maintained the interest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a> unchanged as widely expected, snapping an unprecedented streak of 10 consecutive rate hikes on Thursday. During the press conference, ECB President Christine Lagard said the recent data continued to hint to inflation gradually approaching the 2% target. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/ecb\">Lagarde<\/a> added that the risks to economic growth remain tilted to the downside.<\/p>\n<p>Additionally, the escalating geopolitical tensions in the Middle East might dampen market sentiment and boost safe-haven assets like Japanese Yen (JPY). Later on Friday, Spain\u2019s GDP for Q3 will be released. Traders might take cues from the data ahead of the BoJ meeting next week.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/JPY edges lower to 158.60 in early European session on Friday. Japan\u2019s inflation rose faster than expected in October. European Central Bank (ECB) ECB maintained the rates unchanged, as widely expected. The EUR\/JPY cross loses ground during the early European trading session on Friday. The cross currently trades around 158.61, up 0.01% for the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9408,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,951,255,250,333,252,247,253,249,256,254],"class_list":["post-182056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-eurjpy","tag-gta","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=182056"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182056\/revisions"}],"predecessor-version":[{"id":182057,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/182056\/revisions\/182057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9408"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=182056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=182056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=182056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}