Safe-haven flows dominate financial markets at the beginning of the week as investors react to the latest news surrounding the Israel-Iran conflict. S&P will release revisions to July PMI data for the Euro area, Germany and the UK on Monday, while later in the day, the ISM Services PMI report for July will be featured in … Read more
The EURJPY currency pair traded in positive territory for the sixth consecutive day near 173.80 on Wednesday during the early European session. The Yen weakened after the data showed that Japanese business activity turned contractionary in June. The final reading of Japan’s Services PMI fell to 49.4 in June from 49.8 in May. This figure … Read more
The EURJPY cross extended its decline near 168.85 during early European trading on Monday, with the Euro attracting some sellers amid the uncertainty over the political scenario in France. President Emmanuel Macron dissolved the French national assembly and announced a snap election after exit polls indicated that his Renaissance party would be defeated by the far-right … Read more
The Japanese yen traded stronger against the euro at 164.90 on Monday. Bank of Japan Governor Kazuo Ueda made dovish remarks about the need to maintain accommodative monetary policies due to low inflation.
The Yen was losing momentum near EURJPY 162.75 during European trading on Tuesday, amid speculation that the Bank of Japan might intervene to support the Japanese currency.