The post EUR/JPY trades below 177.00 after pulling back from all-time highs appeared on BitcoinEthereumNews.com.

EUR/JPY remains subdued for the second successive day, following a retreat after reaching an all-time high of 177.94 in the previous session, trading around 176.90 during the Asian hours on Friday. The currency cross faced challenges as the Euro (EUR) struggled amid the political turmoil in France, the second-largest Economy in the Eurozone. The resignation of French Prime Minister Sebastien Lecornu has heightened investor concerns over the country’s fiscal deficit. Lecornu is continuing negotiations with the opposition, while President Emmanuel Macron is expected to appoint a new prime minister by Friday. However, the downside of the currency cross could be limited as the Japanese Yen (JPY) could struggle as the incoming Prime Minister of Japan, Sanae Takaichi, a vocal supporter of Abenomics-style stimulus, is expected to increase fiscal spending alongside continued loose monetary policy. Incoming Prime Minister Takaichi stated Thursday that the Bank of Japan (BoJ) will set policy independently while coordinating with government objectives. She added that she aims to prevent excessive Yen depreciation. Markets now assign less than a 50% probability to a BoJ rate hike in December, with expectations shifting toward March next year. Japan’s top tariff negotiator, Ryosei Akazawa, and US Commerce Secretary Howard Lutnick reaffirmed on Friday that the United States (US) and Japan trade agreement will serve to further strengthen the two nations’ strategic and economic ties, Bloomberg reported on Friday. The Euro fell to an eight-week low of 1.1542 on Thursday amid the political turmoil in France. The resignation of the French Prime Minister, Sebastien Lecornu, keeps investors worried about the country’s fiscal deficit. Meanwhile, Lecornu continues to negotiate with the opposition, while President Emmanuel Macron will name a new PM by Friday. Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was…

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Filed under: News - @ October 10, 2025 4:27 am