The Japanese yen weakened today, trading near the lowest level for this year against the euro and reaching the weakest rate in more than seven years versus the US dollar. Traders have plenty of reasons to sell the yen and few to buy the currency.
November 13th, 2014 at 11:54
Euro is higher against its major counterparts right now, but it could fall later, thanks to a report indicating that the outlook for the eurozone is worse than expected, and that might prompt action from the European Central Bank.
November 13th, 2014 at 1:02
The Japanese yen traded a little lower against the US dollar and the euro after the release of mixed data from Japan at the start of the current trading session. The currency is still under pressure from prospects for additional monetary stimulus but at the same time is supported by need for safety among investors.
November 12th, 2014 at 23:51
The euro declined today against the US dollar and the Japanese yen as concerns about the struggling European economy continued to hurt the currency. At the same time, the euro managed to gain on the Great Britain pound.
November 12th, 2014 at 4:41
The Japanese yen was rising during the Asian trading session today, though the currency retreated closer to the opening level as of now. The rally was triggered by comments from members of the central bank about potential timing for dropping monetary stimulus.
November 11th, 2014 at 12:03
Euro is losing some ground on policy expectations today. Many expect that the eurozone will continue to struggle for a while, and that is putting the euro at a disadvantage against its other major counterparts.
November 08th, 2014 at 11:34
The euro demonstrated a third weekly decline in a row against the US dollar this week. Yet the currency’s performance was not as bad as one might have expected considering fundamentals. The shared 18-nation currency managed to gain on the Great Britain pound and the Japanese yen over the week.
November 07th, 2014 at 18:05
The euro gained on the US dollar today after employment data from the United States missed analysts’ projections. The currency also rallied versus the Great Britain pound but was unable to advance against the Japanese yen.
November 06th, 2014 at 16:59
The European Central Bank kept its monetary policy unchanged during today’s meeting, providing no surprise for Forex market participants. Yet the press-conference after the gathering was a real shocker as ECB President Mario Draghi made several dovish statements, sending the euro to fresh lows. The shared 18-nation currency managed to gain the Great Britain pound.
November 06th, 2014 at 11:29
Euro is getting a little bit of a boost today, heading higher head of the ECB announcement that is expected shortly. The 18-nation currency is heading a little higher, in spite of recent disappointing factory data, and the possibility that the ECB will have to add more stimulus.