EUR/JPY stuck near 155.00 as momentum remains limited and markets fade the action.
The Euro doesn't have much to be bid about after Eurozone data misses expectations.
The BoJ's final appearance of 2023 is on the cards for early next week, due sometime Tuesday.
The EUR/JPY is getting boxed into near-term lows around the 150.00 major handle on Friday after Eurozone Purchasing Managers’ Index figures printed in the red, keeping the Euro (EUR) on the low side of the Japanese Yen (JPY).
Read More: Eurozone Preliminary Manufacturing PMI steadies at 44.2 in December vs. 44.6 expected
The EUR is one of the weakest-performing currencies on Friday, compared to the Yen which is one of the strongest, leaving the EUR/JPY pair in a precarious position. Waffling Euro bulls are struggling to develop topside momentum and the 155.00 region is proving a difficult neighborhood to move out of this week.
The EUR/JPY sees a notably thinner economic data docket on the calendar next week, with finalized Eurozone Harmonized Index of Consumer Prices (HICP) on the cards for Tuesday, though major updates to the preliminary prints aren’t expected.
The Bank of Japan (B0J) will also be delivering its latest Monetary Policy Statement and final rate call of 2023. The BoJ is broadly expected to keep rates pinned in slightly negative territory at -0.1%
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