EUR/JPY HOLDS STEADY ABOVE 161.50 AMID THIN TRADING VOLUME ON GOOD FRIDAY
EUR/JPY HOLDS STEADY ABOVE 161.50 AMID THIN TRADING VOLUME ON GOOD FRIDAY
EUR/JPY Maintains Position Above 161.50 The EUR/JPY currency pair remains steady above the 161.50 level during the early European session on Friday, April 18, 2025.
This stability is attributed to thin trading volumes due to the Good Friday holiday, leading to reduced market activity and volatility.
US President Trump's Trade Tariffs Impact Market Sentiment US President Donald Trump's recently imposed trade tariffs on various countries have introduced significant uncertainty into global markets.
The tariffs have led to increased market volatility, affecting investor confidence and influencing currency movements, including the EUR/JPY pair.
Japan's Economic Concerns Amid Trade Tensions Japan's Finance Minister, Katsunobu Kato, has expressed serious concerns over the global economic impact of the US tariffs.
He highlighted fears that the tariffs could hinder Japan's economic recovery and overall global stability through disruptions in trade and financial markets.
European Central Bank's Response to Economic Uncertainty In response to the economic uncertainty exacerbated by the trade tensions, the European Central Bank (ECB) has cut its benchmark interest rate by 25 basis points to 2.25%.
This marks the seventh rate cut within a year and reflects efforts to support the struggling eurozone economy amid rising uncertainties.
