Hello Traders

We're looking for down trend n EURJPY cross as JPY news release this Monday.. I'll discuss the currency movements with this feed. Below 102.6 look for further downside with 102.2 & 101.9 as targets. BOJ Sato: Effect of Further Easing Would Be Limited. Important to Judge Whether Price Rises Are on Path Toward 2%. Falling Inflation in Europe May Have Effect on Japan Prices. Difficult to Reproduce Same Impact as April Measures.The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy
higher-yielding currencies, including EUR. Investors tend to favor
carry trades at times of optimism about global economic performance and
stability; they shun them at times of market stress. This makes EUR/JPY
sensitive to swings in broad-based market sentiment trends. The pair may
likewise find volatility in news-flow related to the Eurozone debt
crisis as well the extraordinary anti-deflation policy efforts from the
Bank of Japan introduced in 2013.
A
stay tuned
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