EUR/USD, USD/JPY await private data amid government shutdown uncertainty

EUR/USD and USD/JPY are trading in tight ranges as the US government shutdown disrupts the release of key economic data, forcing traders to rely on private sector indicators for market direction. EUR/USD hovers near 1.0750, showing minimal movement of 0.1% (10 pips), while USD/JPY consolidates around 150.50 with similar low volatility. The absence of official government statistics has created an information vacuum, particularly affecting assessments of inflation trends and labor market conditions that typically guide Federal Reserve policy decisions. Market participants are turning to alternative data sources including private payroll reports and regional Fed surveys to gauge economic momentum. Technical indicators suggest EUR/USD faces resistance at 1.0780 and support at 1.0720, while USD/JPY shows key levels at 151.00 resistance and 150.00 support. The uncertainty is likely to persist until government operations resume, potentially leading to heightened volatility once official data releases return.