28 Nov 2014
EUR/JPY enjoying the ride of the greenback and US stocks
FXStreet (Guatemala) - EUR/JPY is trading at 147.81, up 0.73% on the day, having posted a daily high at 148.00 and low at 146.71.
EUR/JPY has been taken on another leg higher at the end of the month and is testing out the barriers for the 148 handle currently as a result.
CPI in Europe came in line, and although this doesn’t deter the ECB from needing to take appropriate action overall, it was enough to give the euro a lift.
This coupled with USD/JPY making continued advances on the 118 handle and although European stocks took a hit on the oil prices, US stocks have been resilient and have climbed higher, underpinning the move lower in the Yen.
EUR/JPY has been taken on another leg higher at the end of the month and is testing out the barriers for the 148 handle currently as a result.
CPI in Europe came in line, and although this doesn’t deter the ECB from needing to take appropriate action overall, it was enough to give the euro a lift.
This coupled with USD/JPY making continued advances on the 118 handle and although European stocks took a hit on the oil prices, US stocks have been resilient and have climbed higher, underpinning the move lower in the Yen.