- EUR/JPY trades with losses on Tuesday in the initial European session.
- The Euro gains limited on mixed ECB views, despite strong economic data.
- Yen gains on its safe-haven appeal as the coronavirus delta variant spreads rapidly across the globe.
EUR/JPY prints losses on Tuesday in the European trading hours. The pair opened higher following the previous day’s upside momentum. However, fell quickly to touch an intraday low at 129.96.
At the time of writing, EUR/JPY is trading at 129.97, down 0.17% for the day.
The shared currency came under pressure after the European Central Bank (ECB) policymaker Fabio Panetta said that the policy can shift back to the pre-crisis model of the economic growth model. But this will require a new approach and transition in the earlier method of policymaking.
It is worth noting that S&P 500 Futures were trading at 4,405 with 0.20% losses.
On the other hand, the Japanese yen gained on its safe-haven appeal amid rising coronavirus delta variants.
The country is experiencing a fourth wave of COVID-19 infections as the Summer Olympics is going on.
As for now, traders await the Bank of Japan Governor Haruhiko Kuroda’s speech to gain fresh trading impetus.
EUR/JPY additional levels
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