EUR/JPY — News Archive

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Japanese Yen Slips As BoJ Dismisses Further Easing Amid Coronavirus

The Japanese yen is falling against several major currency competitors on Tuesday as the central bank dismissed recommendations for further monetary easing amid the Wuhan coronavirus outbreak. After the People’s Bank of China (PBoC) employed 30 stimulus measures, some analysts had expected the Bank of Japan (BoJ) to follow suit since its economy is anticipated to slump from the virus. New manufacturing data also hurt the yen.

Euro Rallies Against the Dollar Ignores Weak Eurozone GDP Data

The euro today rallied to new weekly highs against the US dollar despite multiple disappointing macro reports from across the euro area. The weak dollar primarily drove the EUR/USD currency pair’s rally as US Treasury yields fell dragging the greenback lower.

Japanese Yen Halts Rally While Fears Persist

The Japanese yen halted its rally, trading flat today. For now, it does not seem that the market sentiment shifted much, and the pause in the rally was likely just a result of profit-taking following substantial gains of the currency. Domestic macroeconomic data was mixed, giving no clear picture of the Japanese economy.

Euro Rises on German Inflation Data and Flash US GDP Report

The euro today inched higher against the US dollar as it struggled to shake off the selling pressure that has kept the EUR/USD currency pair trading in a tight range. The single currency posted gains in the American session despite the release of mixed German inflation data accompanied by in-line preliminary US Q4 GDP figures.

Japanese Yen Gains Despite Investors Selling Equities Amid Coronavirus

The Japanese yen is posting modest gains against multiple currency rivals on Thursday as investors appear to be ignoring equities while diving into the traditional safe-haven asset. The Wuhan coronavirus is reportedly worsening with deaths topping 100 and the number confirmed cases exceeding 7,000 in every region of China. Japanese officials are warning that the outbreak could significantly affect the world’s third-largest economy in the near-term, hurting the country’s attempts […]

Euro Trades at 3-Month Lows Against US Dollar Ahead of FOMC

The euro today fell against the US dollar reversing yesterday’s brief recovery despite mixed releases from the euro area, which were utterly ignored. The EUR/USD currency pair’s decline saw it erase breach the critical 1.10 level as the bearish pressure mounted driven primarily by the stronger greenback.

Euro Breaks Below 1.10 on Mixed US Data and Risk-Off Sentiment

The euro today fell for the fourth consecutive session against the US dollar as the risk-off sentiment dominated the markets in the face of new coronavirus infections. The EUR/USD currency pair today broke below the critical 1.10 level despite European equities closing higher as investor risk aversion ebbed later in the session.

Japanese Yen Halts Rally, Risk Aversion Persists

The Japanese yen fell against a range of currencies today, even including some commodity-related ones. The possible reason for the retreat was profit-taking after the previous big gains. The market sentiment remained fragile as the coronavirus continues to spread, and investors are concerned about its impact on the global economy.

Euro Mixed amid Spreading Coronavirus Fears, Worsening German Business Climate

The euro was mixed today amid spreading fear of the coronavirus that has started in China. The shared 19-nation currency fell versus its safe counterparts but performed better versus other rivals. The euro was particularly strong against commodity currencies. There was just one major macroeconomic report released in the eurozone today, and it was unfavorable to the region’s currency.

Euro Falls on ECB Rate Decision and Dovish ECB Strategic Review

The euro today crashed to new monthly lows against the US dollar after the European Central Bank announced its rate decision and strategic review. The EUR/USD currency pair today fell to lows last seen on 2nd December 2019 amid a risk-averse market environment that saw most European equity indices close the day lower.

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