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06/24 05:30

BitcoinWorldEuro Slips Against Japanese Yen as Ger

#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary BitcoinWorldEuro Slips Against Japanese Yen as German Manufacturing PMI Stalls in June The euro weakened against the Japanese yen during Tuesday's trading session after data revealed that Germany's Manufacturing Purchasing Managers' Index (PMI) remained flat in June, deepening concerns about the health of the Eurozone's largest economy. The single currency slipped below the 171 yen threshold, marking its lowest level in nearly two weeks. German Manufacturing PMI Stagnates Germany's manufacturing sector showed no signs of recovery in June, with the HCOB German Manufacturing PMI holding steady at 45.4, unchanged from May's reading. The figure remained firmly in contraction territory, below the 50.0 threshold that separates growth from contraction. Analysts had expected a modest improvement to 46.0, making the stagnation a downside surprise for currency markets. The persistent weakness in German manufacturing reflects ongoing headwinds including subdued global demand, elevated energy costs, and structural challenges in the automotive and industrial sectors. New orders continued to decline, while export demand remained particularly weak, especially from key trading partners in Asia. Market Reaction and EUR/JPY Movement Following the PMI release, the euro fell 0.4% against the yen, trading near 170.80 yen in early European afternoon. The yen, meanwhile, found support from safe-haven flows amid renewed uncertainty about the global economic outlook. Traders also

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