United States EIA Natural Gas Storage Change came in at 55B, above expectations (48B) in June 27

Jul 3, 2025

EUR/JPY extends rally to one-year high as US NFP boosts risk sentiment

The Euro (EUR) trades firmly against the Japanese Yen (JPY) on Thursday, with the EUR/JPY cross climbing to its highest level since July 2024 following upbeat US Nonfarm Payrolls (NFP) data. At the time of writing, the pair is edging higher, trading around 170.40 during the American trading session.

Fed’s Bostic: Higher inflation on the cards

Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that the US economy is likely to face a protracted period of adjustment in response to new trade and policy dynamics, warning it “will not be short or simple” and could extend over a year or more.