EUR/JPY - Euro to Japanese Yen

The euro rallied higher against its main counterparts today after the European Central Bank Governor’s speech on the bank’s rate decision. Mario Draghi‘s speech was a commentary on the ECB’s future outlook after it announced that it would maintain its current interest rates and its quantitative easing program. The EUR/USD currency pair rallied by over 90 points during and after Mario Draghi’s speech as he took on a slightly hawkish tone. The EUR/USD currency … Continue reading Euro Rallies after Mario Draghi Speech and ECB Rate Decision

The Tankan survey released today showed that business conditions for Japan’s large enterprises improved in both manufacturing and non-manufacturing sectors last quarter. Yet the Japanese yen failed to capitalize on the favorable data. The Tankan Large Manufacturers Index climbed from 12 in the March quarter to 17 in the June quarter, exceeding the median forecast of 15. The Tankan Large Non-Manufacturing Index rose from 20 to 23, though it was a bit below the average … Continue reading Japanese Yen Fails to Capitalize on Upbeat Tankan Survey

Dallas Fed President Robert Kaplan doubted the recent inflation numbers and said that he will wait and see whether these readings will stick around permanently or not. He also stated that he would patiently wait for the inflation rates to improve before the Fed formulates further rate hikes for this year. The United States API … Continue reading Morning Market Update – BoJ’s Dovish Outlook

Don’t be surprised if you read the conclusion of this writing at the head of the topic, because nothing can describe the yen trading better brutal fact. Every day you will always hear and read people analyzing Yen and giving you some prophecies, and maybe you noticed that most of it is guessing. I say that … Continue reading It Is Not Easy To Trade The Yen