EUR/JPY — News Archive

The euro failed to garner support from the very positive macroeconomic reports released today. The currency attempted to rally intraday, but failed to do so, and is now trading near or below the opening level against most of its rivals.

The euro today rallied briefly against the US dollar after Mario Draghi‘s speech at the second annual conference of the European Systemic Risk Board in Frankfurt. The EUR/USD currency pair was on a recovery mode throughout today’s session after a major decline triggered by yesterday’s FOMC rate decision.

The EUR/USD currency pair was today trading sideways as the markets await the Fed interest rate decision scheduled for later today. The currency pair’s slight upward momentum was largely due to previous releases, which highlighted a positive outlook for most EU economies.

The EUR/USD currency pair consolidated its daily gains around 1.1990 after the release of positive German ZEW survey data. The German ZEW survey surprised to the upside as both economic sentiment and current conditions beat expectations.

The euro was mixed today, rising versus the US dollar and the Japanese yen, but falling against the Great Britain pound and the Swiss franc. The currency continued to receive support from quantitative easing tapering expectations.

The euro today was largely weaker against the US dollar and the release of positive US MBA Mortgage applications data mid-European session drove the pair lower. Releases from the European docket including the Eurozone industrial production data and employment data could not boost the single currency.

The euro rallied today as speculators continued to anticipate quantitative easing tapering from the European Central Bank. While the shared 19-nation currency was unable to beat the very strong Great Britain pound, it gained on other most-traded peers, especially safe haven currencies.

The Japanese yen fell against other most-traded currencies during today’s trading as the situation around North Korea were calming down, prompting Forex market participants to leave safer currencies in favor of higher-yielding ones.

The Japanese yen was attempting to hold ground after the report that showed a drop of wages in Japan. The attempt was succeeding for some time but ultimately failed, and the currency is now trading below the opening level.

The EUR/USD currency pair today rallied higher after North Korea declared that it will continue its self defense measures in retaliation to the USA. The pair recovered from a brief decline that had been triggered by the release of disappointing Markit Eurozone services PMI early in the European session.