France Consumer Confidence came in at 88, below expectations (93) in May

May 23, 2025

EUR/JPY Price Forecast: Keeps bullish vibe above 162.00, further consolidation cannot be ruled out

The EUR/JPY cross edges lower to near 162.35 during the early European session on Friday. The Japanese Yen (JPY) strengthens against the Euro (EUR) due to rising expectations that the Bank of Japan (BoJ) will continue raising interest rates this year.

EUR/GBP remains above 0.8400 following German GDP, UK Retail Sales data

EUR/GBP recovers its recent losses registered in the previous session, trading around 0.8410 during the Asian hours on Friday. The currency cross advances as the Euro (EUR) attracts buying support following Germany’s Gross Domestic Product (GDP) data for the first quarter, released by Destatis.