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.


Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Gold ascends on Brexit jitters

On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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