EUR/JPY To Find Selling Pressure
Seeking Alpha

The euro is one of the most traded currencies in the world. Yet, due to associated political and economic risks, a strong euro is a risk-on signal.The Japanese yen is different in that it is viewed as a risk-off, safe-haven currency. The EUR/JPY pair is therefore an interesting barometer of global market risk sentiment.The EUR/JPY pair has recently spiked, and stocks have recovered in recent weeks. Yet, the carry on euro pairs remains negative, and ECB policy should uphold long-term selling Read the full story

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