Japanese Yen Stays Weak, With EUR/JPY at 7-Week High

Forex News

The Japanese Yen is extending its losses, with the EUR/JPY climbed to 7-week high. The persistent selling pressure hitting the Japanese safe haven in response to shrinking geopolitical concerns and alleviated fears over a US-China trade war. The EUR/JPY has gained more than 3% since late March. The US dollar gained ground against the yen, and the USD/JPY pair rose by 0.29% to 107.61.

The US releases UoM Consumer Sentiment, which is expected to soften to 100.6 points. JOLTS Jobs Openings report is also awaited, which is forecast to fall to 6.11 million.