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Currency pairs
Bulls Lose Grip as Japanese Yen Struggles Near Two-Week Low Against USD
Highlights: The Japanese Yen (JPY) is losing traction on Thursday after a rally in the Asian session. It is hovering near a two-week low against the U.S Dollar (USD). Japan’s factory activity contracted at the fastest pace in 10 months in December, according to data released on Thursday. This is proving to be a key […]
Currency pairs
EUR/JPY Gains Rounds approaching 155.61
Highlights: The EUR/JPY exchange rate recovered some of its losses from the mid-155.00s in early European trading on Wednesday. However, the upside may be restrained as investors expect the BOJ to start scaling back its ultra-lax monetary policy in 2024. The exchange rate is currently at 155.61, up 0.16%. The outlook for the exchange rate […]