EUR/JPY: The Euro loses steam as German Producer Prices drop beyond expectations

eur_jpy_article image

In Japan, the soft inflation data is weighing on a sharper JPY recovery. EUR/JPY faces a significant resistance at 161.80. The Euro retreated against the Japanese Yen ahead of Friday’s European session opening. Weak German PPI data weighed on the Common currency, which found buyers in the upper ranges of 160.00. German Producer Prices declined […]