15 Jan 2014
EUR/JPY rebounds from lows after EUR bearishness
FXstreet.com (London) - EUR/JPY has rebounded from lows after EUR bearishness.
Weak but stable European data
German data showed low but stable growth while Spanish CPI posted improved numbers, albeit still extremely weak at 0.1 percent and a harmonised CPI posted zero inflation.
Data released today by federal statistics office Destatis showed Germany's price-adjusted GDP expanded 0.4 percent in 2013 slowing from the 0.7 percent rise in 2012.
Destatis president Roderich Egeler cited the effects of the broad slowdown in the Eurozone, saying it had “put the brakes on the German economy”.
A release of the first estimate of Germany’s 2013 fiscal balance showing that German Household consumption increased 0.9 percent, while government consumption rose 1.1 percent.
With little European data on the schedule to move the pair, expect to see some consolidation at current levels ahead of some minor Japanese data overnight, including November machinery orders.
EUR/JPY rebounds from session lows
EUR/JPY is currently trading at JPY142.1350, down 0.33 percent on the session but retracing from lows at JPY141.9324.
Weak but stable European data
German data showed low but stable growth while Spanish CPI posted improved numbers, albeit still extremely weak at 0.1 percent and a harmonised CPI posted zero inflation.
Data released today by federal statistics office Destatis showed Germany's price-adjusted GDP expanded 0.4 percent in 2013 slowing from the 0.7 percent rise in 2012.
Destatis president Roderich Egeler cited the effects of the broad slowdown in the Eurozone, saying it had “put the brakes on the German economy”.
A release of the first estimate of Germany’s 2013 fiscal balance showing that German Household consumption increased 0.9 percent, while government consumption rose 1.1 percent.
With little European data on the schedule to move the pair, expect to see some consolidation at current levels ahead of some minor Japanese data overnight, including November machinery orders.
EUR/JPY rebounds from session lows
EUR/JPY is currently trading at JPY142.1350, down 0.33 percent on the session but retracing from lows at JPY141.9324.