EUR/JPY Rebounds Following Japan's Economic Growth in Fourth Quarter

Monday, 11 March 2024, 07:55

The EUR/JPY pair nears the 160.60 level as Japan's economy showcases growth in the fourth quarter of 2023. The strengthening of the Japanese Yen (JPY) comes after the release of Japan's Gross Domestic Product (GDP) data, marking a shift away from a technical recession. This positive economic development is reflected in the rebound of EUR/JPY from its intraday losses.
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EUR/JPY Rebounds Following Japan's Economic Growth in Fourth Quarter

EUR/JPY Rebounds to Near 160.60 as Japan's Economy Grows

EUR/JPY recovers its intraday losses as the Japanese Yen (JPY) strengthened following Japan’s Gross Domestic Product (GDP) data showing Japan's economy returned to growth in the last quarter of 2023, thus turning away from a technical recession.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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