Category: EURJPY

Fundamental / Economic Backdrop (short-term) Key drivers for EUR/JPY right now The recent rally in the euro vs. Japanese yen has been challenged by renewed strength in the yen. The recent comments from Bank of Japan (BoJ) hinting at a possible rate-hike later this month have boosted Japanese yields and boosted the yen. FXStreet+2Reuters+2 …

Fundamental / Economic Backdrop (short-term) The general backdrop for EUR/JPY remains somewhat supportive: the euro (EUR) is benefitting from relatively stabilizing macroeconomic conditions and some pickup in Euro-area inflation/price stability narratives, which helps underpin demand for EUR. FastBull+2LiteFinance+2 On the Japanese side, …