EUR/JPY — News Archive

Euro Slips Below 1.3400 Against the US Dollar

Between German inflation and policy divergence with the United States, the eurozone is struggling — and the 18-nation currency that represents it is losing ground. Indeed, the euro has slipped below 1.3400, falling to a level not seen since last November.

Yen Steady After Industrial Production Data

The Japanese yen remained unmoved by the release of industrial production data today. The currency traded mostly sideways yesterday, though it fell together with its major counterparts versus the US dollar.

Euro Rallies on Back of Positive Economic Data

The euro rallied yesterday as the vast majority of macroeconomic reports from the eurozone were positive, and the currency was able to keep gains today. While good US fundamental data did not allow the shared 18-nation currency to gain on the dollar at the previous trading session, the euro managed to rise a little versus the greenback today.

Euro Struggles to Maintain Gains With Russian Sanctions Possible

Euro is struggling right now, trying to maintain the gains it eked out earlier in the session. However, that is proving a bit difficult, given the possibility of harsher sanctions against Russia over the whole issue of what’s happening in Ukraine.

Euro Weakness Finally Shows as ECB Gets Serious About Stimulus

Forex traders are seeing that the ECB is really serious about stimulus, and the result is that euro weakness, after threatening for months, finally seems to be appearing on a more long-term basis. Euro is down against its major counterparts today, noticeably dropping through the 1.3500 level against the US dollar.

Attempted Euro Rally Fizzles

Euro attempted a rally against the US dollar earlier, taking advantage of the frustration many Forex traders have with US yields right now. However, that rally has fizzled out as the focus shifts to safe haven flows. Euro is lower against its low-beta counterparts, even as it gains against currencies like the pound and the loonie.

Euro Breaches $1.35 for First Time Since February, Recovers

The euro breached the $1.35 level for the first time since February yet was able to recover and close flat versus the US dollar, though it still ended the week with losses. The currency gained on some other majors, including the Japanese yen and the Great Britain pound.

Yen Backs Off After Risk Aversion Fades

The Japanese yen declined today, following the three-day rally against the euro, as the Forex market calmed after the initial surge of risk aversion and safe assets started to lose their value that they have gotten with risk premium.

Eurozone Inflation Remains in the “Danger Zone”

The eurozone’s inflation rate remains in what the ECB refers to as the “danger zone,” a situation that hasn’t surprised anyone. However, the ongoing problems with the eurozone economy continue to provide fuel for speculation that policymakers will be forced to take more drastic steps to boost the economy. This is once again creating a situation in which the euro struggles against some of its counterparts.

Japanese Yen Heads Higher Against Other Majors

Japanese yen is heading higher today as risk aversion becomes an issue. Concerns stemming from Janet Yellen’s remarks before Congress yesterday are sending high beta currencies lower, and boosting the Japanese yen.

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