EUR/JPY News & Analysis
Live updates, breaking news, and economic events affecting the euro yen exchange rate. Last updated: 3 Jun 2026, 19:50 GMT
Current EUR/JPY Rate
185.6700
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High Impact News (Last 24 Hours)
ECB policymaker Elderson says prolonged war increases likelihood of second-round effects
Longer war increases likelihood of second-round effectsI don't see second-round effects yetThe balance of risks has clearly deterioratedECB's Elderson warned that a prolonged conflict in the Middle East increases the risk that today's energy-driven inflation shock evolves into broader and more persistent price pressures, reinforcing expectations that the ECB will raise interest rates at its June meeting.Elderson said that a longer war would increase the likelihood of so-called "second-round effe...
BOJ governor Ueda says will continue to raise policy rate if baseline outlook holds
BOJ will continue to raise policy rate at an appropriate pace if it judges that likelihood of realising baseline scenario will riseIt is likely that a rise in crude oil prices will push up prices of not only energy, but general prices tooEven if Middle East situation is unclear, it is necessary to thoroughly discuss pros and cons to raising policy rateWill scrutinise impact of supply shock on the economy, how oil price surge will affect underlying inflationTurmoil in the Middle East has not subs...
BoJ’s Ueda: Our basic stance is to continue raising interest rates
Bank of Japan (BoJ) Governor Kazuo Ueda reaffirms that the direction of the monetary policy remains on the upside, while speaking at the Kisaragi-kai Meeting on Wednesday.
ECB’s Wunsch: US-Iran deal confirmation before June meeting won’t derail interest rate hike hopes
European Central Bank (ECB) policymaker and the head of Belgium's central bank, Pierre Wunsch, said in an interview with Financial Times (FT), released on Wednesday, that the likelihood of central bank tightening monetary conditions in the policy meeting next week will remain firm, even if the Unite
ECB policymaker Wunsch says June discussion to be quite easy if US-Iran conflict remains
Discussion on policy setting in June "will be quite easy" if Middle East conflict remains unresolvedIf a peace deal is confirmed just before the meeting, it will be part of the discussionHowever, we won’t know whether it will last or be credibleBut if a peace deal is confirmed, any policy talk "might be a bit less easy"There is still a case to raise interest rates if so, but just a bit less strongAt some point, we cannot let the market do all the lifting; we need to take a stanceWe may end up ...
Latest EUR/JPY News
ING’s Padhraic Garvey and Michiel Tukker stress that Eurozone real rates are increasingly driven by structural forces such as fiscal expansion and record bond supply. They point to rising 10Y euro implied real rates since 2024, helped by German spending plans.
DBS Group Research economist Radhika Rao argues that Eurozone markets face a stagflationary shock from US-Iran tensions that will hit Europe harder than the US, pushing the European Central Bank (ECB) to tighten policy earlier.
European Central Bank (ECB) Vice-Chair of the Supervisory Board Frank Elderson said during the European trading session on Wednesday that the balance of risks has clearly deteriorated due to Middle East conflicts.
Longer war increases likelihood of second-round effectsI don't see second-round effects yetThe balance of risks has clearly deterioratedECB's Elderson warned that a prolonged conflict in the Middle East increases the risk that today's energy-driven inflation shock evolves into broader and more persistent price pressures, reinforcing expectations that the ECB will raise interest rates at its June meeting.Elderson said that a longer war would increase the likelihood of so-called "second-round effe...
The European Central Bank (ECB) could tighten monetary policy sooner than previously expected, according to the latest Reuters poll of economists.
The Japanese Yen (JPY) reflects a sudden jump against its major currency peers in the European trading session on Wednesday. There is a noticeable uptick in the Asia-Pacific currency against its peer, pushing EUR/JPY over 0.3% down to near 185.40.
BOJ will continue to raise policy rate at an appropriate pace if it judges that likelihood of realising baseline scenario will riseIt is likely that a rise in crude oil prices will push up prices of not only energy, but general prices tooEven if Middle East situation is unclear, it is necessary to thoroughly discuss pros and cons to raising policy rateWill scrutinise impact of supply shock on the economy, how oil price surge will affect underlying inflationTurmoil in the Middle East has not subs...
Bank of Japan (BoJ) Governor Kazuo Ueda reaffirms that the direction of the monetary policy remains on the upside, while speaking at the Kisaragi-kai Meeting on Wednesday.
Services PMI 47.7 vs 46.4 prelimPrior 47.6Composite PMI 48.5 vs 47.5 prelimPrior 48.8Despite the troubles in France, the overall Eurozone services economy managed to hold up in May. However, private sector business activity as a whole fell to an 18-month low and marked back-to-back months of contraction for the first time since the end of 2024.Looking to the services sector, total new order inflows fell again for a third straight month. And while slowing from April, the pace of decline was nonet...
MUFG’s Michael Wan notes that stronger US labour data have lifted US yields and supported the US Dollar (USD), complicating prospects for near-term Fed rate cuts.
EUROPEAN SESSIONIn the European session, we don't have much on the agenda other than the final Services PMIs for the major Eurozone economies and the UK. The data is not going to change anything for the respective central banks, so the market reaction will likely be muted.AMERICAN SESSIONIn the American session, we get the US ADP report and the US ISM Services PMI. The ADP is expected at 120K vs 109K in the prior month. The US jobs data has been pointing to a stable/strengthening labour market f...
European Central Bank (ECB) policymaker and the head of Belgium's central bank, Pierre Wunsch, said in an interview with Financial Times (FT), released on Wednesday, that the likelihood of central bank tightening monetary conditions in the policy meeting next week will remain firm, even if the Unite
Discussion on policy setting in June "will be quite easy" if Middle East conflict remains unresolvedIf a peace deal is confirmed just before the meeting, it will be part of the discussionHowever, we won’t know whether it will last or be credibleBut if a peace deal is confirmed, any policy talk "might be a bit less easy"There is still a case to raise interest rates if so, but just a bit less strongAt some point, we cannot let the market do all the lifting; we need to take a stanceWe may end up ...
The EUR/JPY cross trades in negative territory around 185.90 during the early European trading hours on Wednesday. The Japanese Yen (JPY) gathers strength against the Euro (EUR) as traders are on alert for intervention from Japanese officials.
Frequently Asked Questions
Why is EUR/JPY moving today?
EUR/JPY movements are primarily driven by interest rate decisions from the European Central Bank (ECB) and Bank of Japan (BoJ), economic data releases from the Eurozone and Japanese economies (CPI, GDP, employment), and geopolitical events. Check our live news feed above for today's specific drivers.
How often is EUR/JPY news updated?
Our news feed is automatically updated every 15 minutes from trusted sources including Reuters, Bloomberg, and major forex news providers. Breaking rate alerts are generated instantly when significant moves (>0.5%) are detected.
What affects the EUR/JPY exchange rate?
Key factors include European Central Bank (ECB) and Bank of Japan (BoJ) interest rate policies, economic data releases (Eurozone CPI, ECB interest rate decisions, GDP growth; Japanese CPI, BoJ monetary policy, Tankan survey, GDP), political events, trade balances, and market sentiment. Major announcements from ECB President and Governing Council members and BoJ Governor and Policy Board members often trigger significant moves.