| Forex News Center | | | JPY News Archive |
JPY Daily News
Yen Makes Huge Gains against Euro
Tuesday, 3 Jan 2012
The yen was able to maintain its recent bullish trend against the euro in trading yesterday, as the EUR/JPY pair dropped to a 10-year low. Investors are reverting to the safe-haven yen as the euro-zone debt crisis stays in the news. Further problems in the euro-zone may bring the pair even lower.
Traders will want to pay attention to any comments from the Bank of Japan regarding the yen's current high levels. Japan's economy is largely based on exports, meaning that a solid yen does not work in the country's favour. The BOJ has been known to inject capital into the marketplace to influence the value of the yen in the past. If they decide to do so once again, the JPY may turn bearish very quickly.
Add events to google calendar
Mark all
Unmark all
Print
Bank Holiday
