EUR/JPY pressured lower after cooling inflation weighs on single currency – FXStreet
The EUR/JPY pair is facing downward pressure as a result of a decrease in inflation that is impacting the euro. This has caused some weakness in the single currency against the Japanese yen. The cooling inflation has led to a decrease in demand for the euro, pushing the pair lower. Traders are closely monitoring the situation as the pair continues to be influenced by these economic factors.