EUR/JPY is trading around the 184.70 level on Monday at the time of writing, showing little change during the day, in an environment shaped by mixed signals from the Eurozone and Japan. Investors remain cautious, caught between the stability of the European monetary framework and geopolitical and financial uncertainties that continue to support demand for the Japanese Yen (JPY).
On the European side, the European Central Bank has kept its key interest rate at 2.0% since June. At its meeting last week, the central bank confirmed a policy pause accompanied by upward revisions to its growth and inflation forecasts. European Central Bank President Christine Lagarde said that monetary policy is in a “good position” and that interest rates are likely to remain unchanged for a long time. New forecasts show inflation will remain below 2% over the next two years before returning to target in 2028, reinforcing expectations of a permanent status quo.
Many European Central Bank officials have echoed this message. Peter Casimir, governor of the Slovak National Bank, said earlier in the day that risks to the economic outlook are now more balanced, while remaining cautious about somewhat weak long-term growth prospects. Meanwhile, Gediminas Simkus, Board Member and Governor of the Bank of Lithuania, noted that economic growth in the eurozone has improved but remains slow, with inflation expected to remain close to the 2% target in the medium term.
Meanwhile, the Japanese yen continues to benefit from specific supportive factors. The currency maintains its safe-haven appeal amid ongoing geopolitical tensions and concerns about global financial conditions. Comments by Atsushi Mimura, Japan’s Deputy Finance Minister for International Affairs, have revived speculation about possible official intervention against what are seen as excessive moves in the foreign exchange market, helping to limit downward pressure on the Japanese yen.
On the monetary policy front, the Bank of Japan recently raised interest rates to 0.75%, the highest level in several decades, while keeping the door open for further tightening if economic activity and inflation develop in line with expectations. Bank of Japan Governor Kazuo Ueda remained deliberately vague about the timing and pace of future interest rate hikes, stressing that decisions will depend closely on economic conditions, prices and financial conditions. According to analysis from ING, further price increases are expected, but not soon, with a possible timeline extending until 2026.
Against this background, the EUR/JPY pair is having difficulty finding a clear direction. The stability indicated by European monetary policy limits bullish catalysts for the Euro, while the Japanese yen remains supported by expectations of gradual tightening in Japan and an uncertain global environment.
Euro price today
The table below shows the percentage change of the Euro (EUR) against the major currencies listed today. The euro was the strongest against the US dollar.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.22% | -0.47% | -0.19% | -0.21% | -0.44% | -0.44% | -0.27% | |
| euro | 0.22% | -0.25% | 0.04% | 0.02% | -0.22% | -0.22% | -0.05% | |
| GBP | 0.47% | 0.25% | 0.27% | 0.26% | 0.04% | 0.03% | 0.20% | |
| JPY | 0.19% | -0.04% | -0.27% | -0.02% | -0.24% | -0.25% | -0.08% | |
| Canadian | 0.21% | -0.02% | -0.26% | 0.02% | -0.22% | -0.23% | -0.05% | |
| Australian dollar | 0.44% | 0.22% | -0.04% | 0.24% | 0.22% | -0.01% | 0.15% | |
| New Zealand dollar | 0.44% | 0.22% | -0.03% | 0.25% | 0.23% | 0.00% | 0.17% | |
| Swiss franc | 0.27% | 0.05% | -0.20% | 0.08% | 0.05% | -0.15% | -0.17% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select EUR from the left column and move along the horizontal line to USD, the percentage change displayed in the box will represent EUR (base)/USD (quote).
