EUR/JPY — News Archive

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German IFO Helps Euro in Forex Trading

Euro is mostly higher today, thanks in large part to the latest German IFO reading. Although nothing to be too excited about, the most recent data offers some hope for the embattled eurozone and shows continued optimism for what’s next — even with all of the downside risks emerging for the 19-nation currency region.

Euro Trade Mixed on the Forex Market

Euro is mixed against its major counterparts today as Forex traders look ahead to coming weeks and try to determine what might be next. Concerns about potential stimulus in September, as well as the recent focus on buying corporate bonds, have some wondering whether there is more weakness ahead for the 19-nation currency.

Euro Trades Mixed as Forex Traders Consider What’s Next

Euro is trading mixed today, gaining against currencies like the dollar and yen, but falling against the pound. Risk appetite is helping the 19-nation to some degree, but there are still questions about what’s next for the eurozone and Forex traders are considering what the Brexit might mean.

Japanese Yen Drops on Expectations for More Stimulus

Japanese yen is heading lower today, thanks in large part to expectations for future stimulus. Risk appetite is on the rise today and that is having its impact on low beta currencies like the yen. However, the yen also has the added pressure related to the expectation that Shinzo Abe will be able to continue his stimulus measures.

Euro Continues to Struggle Following Brexit Fallout

Euro is heading lower today, dropping as fallout from the recent Brexit vote continues. Euro is down against its major counterparts, even remaining lower against the UK pound. Another issue weighing on the 19-nation currency has to do with the health of the Italian financial system. With concerns about the system, the euro is struggling.

Yen Drops After Elections in Japan

The Japanese yen dropped today as the landslide victory of the ruling coalition gave Prime Minister Shinzo Abe to take bolder steps for reviving economic growth.

Yen Goes Higher, Making Japanese Policy Makers Unhappy

The Japanese yen rallied today despite unfavorable macroeconomic data and warnings from Japan’s officials about possible interventions in order to stem the currency’s rally.

Yen at Multi-Year Highs as BoJ Stands Pat

The Japanese yen rallied to multi-year highs against its major peers after the Bank of Japan made no changes to its monetary policy.

Euro Drops on Warnings of Long-Term Economic Damage

Euro is dropping today, losing ground against most of its major counterparts as ECB President Mario Draghi warns that recent years might have taken a long-term toll on the economic condition of the 19-nation currency bloc.

Poor Market Sentiment Attracts Traders to Japanese Yen

The Japanese yen gained today, rising to the multi-year high against the euro, as the market sentiment was not favorable to risky assets, driving investors to the safety of Japan’s currency instead.

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