EUR/JPY — News Archive

Yen Rallies as BoJ Starts Policy Meeting

The Japanese yen rallied against most major currencies on speculations that the nation’s central bank will refrain from adding monetary stimulus during the policy meeting that has started today.

Euro Weakness Increases on Expectation of Easing in June

Euro weakness is increasing, with the 18-nation currency losing ground to most of its major counterparts today. Expectations that easing will go forward in June are weighing on the euro.

Euro Recovers with No Help from Fundamentals

The general market sentiment and domestic fundamentals were not supportive for the euro at all. And this makes it very surprising to see the shared 18-nation currency relatively strong today, rising against some of its major peers.

Yen Starts Week Strong as Traders’ Sentiment Favors Safety

The Japanese yen started the week strong against other most-traded currencies as the market sentiment favored safer assets, making the yen a desirable currency to have. The currency trimmed its gains as of now but retained its strength.

Second Week of Losses for Euro due to ECB Speculations

The euro, along with the Swiss franc (which is tied to the shared 18-nation currency due to the ceiling introduced by the Swiss National Bank), was the weakest major currency on the Forex market this week. Persisting speculations about monetary easing from the European Central Bank in June continued to erode the strength of the currency.

Euro Heads for Another Weekly Loss

The euro dropped today as investors were fleeing bonds of Europe’s peripheral economies, adding to pressure on the European Central Bank to stimulate the struggling economy. The currency was heading for a second weekly loss versus the US dollar and the Japanese yen, and it will be the third week of decline against the Great Britain pound.

Risk Appetite Wanes, Demand for Yen Grows

The Japanese yen rallied today against all other major currencies as various concerns put the Forex market in a risk-off mode, meaning that traders preferred safer currencies. Economic data from Japan also helped to buoy the attractiveness of the currency.

Euro Plunges as Economic Growth of Europe Disappoints

The euro plunged today as economic growth in major European countries (with the notable exception of Germany) and the eurozone as a whole missed estimates, increasing chances for additional monetary stimulus in June. Inflation remained stable, suggesting that there is no threat of deflation for a time being. The currency trimmed its losses against some of its peers by now.

Euro Gains Strength After Earlier Selloff

Yesterday, the euro was in the midst of a selloff after the news came out that the ECB is considering policy options to boost stimulus (and weaken the 18-nation currency). Today, though, things have leveled out the euro has gained strength on disappointing US data, BOE comments, and the fact that Asian central banks are buying up euro denominated assets.

Euro Drops on Bundesbank Report

It really looks as though the eurozone is going to see some further stimulus in the next couple of months, and the euro is down almost across the board on the news. The latest Bundesbank report is supportive of stimulus measures, and that could mean more euro weakness.

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