EUR/JPY — News Archive

Euro Had Decent Trading Week, Terrible Month

The euro had rather decent week, falling initially but rescued by the weekend by poor data from the United States. The monthly performance, on the other hand, was nothing but disastrous for the currency.

Euro Gains Some Ground Against the US Dollar

Even with deflation worries increasing in the eurozone, the 18-nation currency is gaining some ground against the US dollar right now. US data is a bit disappointing, and that is giving euro a bit of an edge right now.

Yen Rises with Inflation, Has Troubles Keeping Gains

The Japanese yen rallied today as nation’s consumer inflation accelerated, reducing chances for additional stimulating measures from the central bank. The currency has troubles keeping gains, trimming its rally versus the US dollar and erasing it completely against the euro.

Yen Jumps, Defying Analysts

The Japanese yen jumped today even though analysts speculated that the currency should fall because both technical and fundamental indicators provide no support for a rally.

Euro Finds Three Month Low, Expected to Slide Further

Euro continues to struggle in Forex trading, with the 18-nation currency hitting a new three month low against the US dollar. The euro has slipped below the 1.3600 level against the US dollar today, even though it has battled back above that mark now, and there are expectations of a deeper slide after next week’s ECB policy meeting.

Stimulus Talks Continue to Hurt Euro

The euro fell against the US dollar yesterday and continued to drop today as speculations about a probable additional monetary loosening in June make the currency less appealing to Forex traders.

Euro Rallies on German Consumer Climate, Ignores Negative Factors

The euro rose today as the German consumer sentiment remained stable this month. The currency kept gains even after the speech of European Central Bank President Mario Draghi fueled speculations that the central bank will act in June.

Euro Continues to Fall, Reaching Three-Month Low Against Dollar

With each new piece of economic news that comes in, the euro struggles a little bit more. The 18-nation currency reached a three-month low against the US dollar, and continues to have difficulty against many of its other major counterparts.

Euro Struggles, Even After Data

Even though decent news about the eurozone economy has been released, the euro continues to struggle. The 18-nation currency is lower against many of its counterparts, even after the release of PMI data showing continued (albeit slow) expansion.

Yen Drops as China’s PMI Comes Out Better than Expected

The Japanese yen retreated today as better-than-expected macroeconomic data from China convinced traders to drop their risk-negative attitude and buy high-beta currencies.

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