Greenback and euro go up versus yen

Greenback and euro go up versus yen

On Tuesday, the evergreen buck along with the common currency moved up versus the Japanese yen, spurred by diverging outlooks for economic surge as well as tighter monetary policy.

The euro ascended versus the Japanese yen, with EUR/JPY hitting 123.95, which is not far from the one-year high of 124.61 reached on Monday in the aftermath of Emmanuel Macron’s persuasive victory in the French presidential election.

Macron’s win indicated that political risks in France as well as across Europe are definitely receding, in the wake of the populist soar that resulted in Brexit and also propelled Trump to the White House.

Demand for the euro kept being backed by indications of an improving economic outlook in the EU and as concerns over political risk relieved.

According to recent economic reports, the economic revival in the euro area is currently gaining momentum, and it’s supposed to give the ECB more room to tighten monetary policy before the end of 2017.

EUR/USD decreased 0.27%, reaching 1.0894, having achieved 1.1021 on Monday, which is the highest value since early November.

Similar

Greenback dives to day’s minimums versus yen

On Tuesday, the evergreen buck went down to the day’s minimums versus the Japanese yen, reversing earlier revenues, which emerged right after the head of the BOJ told it remained committed to today’s monetary easing and the bank wasn’t braced for scaling…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera