Euro Slides From A 4-Year High Against The Japanese Yen

November 25, 2013

The US dollar is broadly stronger against its major G10 counterparts on Monday while the yen remains weak as a result of a sell-off due to outflows from safe havens like itself. 

The more risk-on market sentiment today was boosted by a deal reached over the weekend to curtail Iran’s nuclear program. Also keeping the Japanese currency under pressure is expectation for further weakening in the currency due to the Bank of Japan’s aggressive monetary policies, which BOJ Governor reiterated the central banks easy monetary policies to fight deflation.

The dollar reached a six-month high of 101.90 against the yen in early Asia but eased back slightly on profit taking in the European session to end at 101.80 yen.

EURUSD traded at 1.3518 after falling from the open and is down over 0.2% by the end of the European session. The euro was knocked down today partly due to ECB policymaker Hansson making remarks on various policy tools that remain available to fight disinflationary pressures, bringing back to the spotlight concerns over negative interest rates.

The euro peaked at a new four-year high of 137.97 against the yen early in the Europe trade before slipping 0.15% to 137.71.

Sterling is weaker today, with GBPUSD slipping 0.2% to $1.6165 as focus turns to the outlook for Bank of England policy.

Publication source
FxNet information  FxNet reviews

February 20, 2017
U.S. dollar attempts to post a recovery amid a slow trading day
The U.S. dollar is attempting to post some gains to build up from Friday's reversal. Price action has formed an inside bar among EURUSD and USDJPY which could indicate a potential breakout trading that could establish the near-term direction of prices...
February 20, 2017
FOMC & RBA February meeting minutes, key data in focus
In the US, the Fed will release the minutes of its February meeting. Markets will probably focus on any signals regarding the timing of the next rate hike...
February 20, 2017
EURUSD is having difficulties to go any higher
The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

Orbex Rating
FOREX.com Rating
 FXTM Rating
OANDA Rating
Vantage FX Rating
OctaFX Rating

Dragon Options Rating
365BinaryOption Rating
Anyoption Rating
Binary Brokerz Rating
TopOption Rating
OptionRally Rating