Euro Under Pressure as Tokyo CPI Lifts JPY Near Multi-Month Lows

The Euro (EUR) is facing headwinds against the Japanese Yen (JPY), hovering near a multi-month low of 176.66.

The Tokyo Consumer Price Index (CPI) excluding fresh food came in at 2.7% Year-on-Year, beating expectations and contributing to pressure on the BoJ to tighten monetary conditions further.

Meanwhile, French government bond yields have surged amid concerns about accelerating public debt, with France's Finance Minister pledging to restore public finances to a more sustainable path.

The Eurozone preliminary Harmonized Index of Consumer Prices (HICP) for September is expected to be a key input for Euro sentiment, but the EUR/JPY cross remains under pressure in the Asian session.