Euro hits one-year high against yen on Japan election concerns

Euro hits one-year high against yen on Japan election concerns

Source: EODHD - https://www.investing.com/news/forex-news/euro-hits-oneyear-high-against-yen-on-japan-election-concerns-93CH-4134844
Published: Jul 15, 2025 4:29 AM

Investing.com -- The Japanese yen dropped to a one-year low against the euro as worries about fiscal implications from Japan’s upcoming parliamentary election pushed yields on long-dated government bonds to record levels. The euro climbed to a high of 172.63 yen, marking a one-year peak against the Japanese currency. Recent polls indicate Japan’s ruling coalition might lose its 50% majority in the Upper House election scheduled for July 20, according to RBC Capital Markets forex strategist Richard Cochinos. The potential election outcome could trigger future tax cuts and increased fiscal stimulus, potentially damaging Japan’s fiscal position, Cochinos noted in a report. Additionally, the Ban...

Market context: This update is relevant to EUR traders, with EURJPY as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.