确认您不是来自美国或菲律宾

在此声明,本人明确声明并确认:
  • 我不是美国公民或居民
  • 我不是菲律宾居民
  • 本人没有直接或间接拥有美国居民10%以上的股份/投票权/权益,和/或没有通过其他方式控制美国公民或居民。
  • 本人没有直接或间接的美国公民或居民10%以上的股份/投票权/权益的所有权,和/或受美国公民或居民其他任何方式行使的控制。
  • 根据FATCA 1504(a)对附属关系的定义,本人与美国公民或居民没有任何附属关系。
  • 我知道做出虚假声明所需付的责任。
就本声明而言,所有美国附属国家和地区均等同于美国的主要领土。本人承诺保护Octa Markets Incorporated及其董事和高级职员免受因违反本声明而产生或与之相关的任何索赔。
我们致力于保护您的隐私和您个人信息的安全。我们只收集电子邮件,以提供有关我们产品和服务的特别优惠和重要信息。通过提交您的电子邮件地址,您同意接收我们的此类信件。如果您想取消订阅或有任何问题或疑虑,请联系我们的客户支持。
Octa trading broker
开通交易账户
Back

EUR/JPY flattens around 163.40, investors seek fresh cues on US-EU trade talks

  • EUR/JPY trades sideways around 163.40 as investors seek further development in US-EU trade discussions.
  • Soft France CPI data for May paves the way for an interest rate cut by the ECB in June.
  • The Japanese Yen capitalizes on a sharp increase in government bond yields.

The EUR/JPY pair trades flat around 163.40 during North American trading hours on Wednesday. The cross consolidates as the Euro (EU) wobbles, with investors looking for fresh cues about the current status of trade talks between the United States (US) and the European Union (EU).

On Tuesday, US President Donald Trump signaled quick attempts from the EU to conduct trade talks with Washington. I have just been informed that the EU has called to quickly establish meeting dates. This is a positive event, and I hope that they will," Trump wrote in a post on Truth.Social.

This comes as a positive trigger for global trade tensions as giant economies have agreed to reach a trade deal. Another reason behind the Euro's sideways performance is anxiety among investors ahead of the inflation data from key nations of the Eurozone, such as Germany, Spain, and Italy on Friday.

Meanwhile, preliminary France Consumer Price Index (CPI) (EU norm) data for May has shown that inflationary pressures have cooled down. Year-on-year CPI rose at a slower pace of 0.6%, compared to a 0.9% growth seen in April. Soft inflation data has encouraged European Central Bank (ECB) officials to support reducing interest rates again in the June policy meeting.

ECB policymaker and French central bank chief François Villeroy de Galhau mentioned in a speech on Tuesday that the 0.6% inflation rate in France is a “very encouraging sign of disinflation in action”. Villeroy guided a dovish stance on the interest rate outlook stating that the “policy normalization in the Euro area is probably not complete”.

On the Tokyo front, the Japanese Yen (JPY) gains following a significant jump in bond yields. 10-year JGB yields surge by 3% to near 1.52% after Japan’s Ministry of Finance signaled that it will consider tweaking the composition of its bond program, which could involve cuts to its super-long bond issuance, Reuters reported.

Euro FAQs

The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day. EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).

The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy. The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control. Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.

Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency. A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall. Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.

Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

Fed Minutes set to reveal details of hawkish stance amid Trump’s tariffs

The Federal Open Market Committee (FOMC) will release the Minutes of its May 6-7 meeting on Wednesday. Back then, policymakers decided to keep the Fed Funds Target Range (FFTR) unchanged at 4.25%-4.50%, as widely anticipated by market participants.
了解更多 Previous

Gold Price Forecast: XAU/USD recovers above $3,300 with pressure building within a bull flag

Gold prices are threatening key technical layers of support on Wednesday, with Bullion searching for a fresh catalyst to drive prices out of the confines of the bull flag pattern.
了解更多 Next