Forex: EUR/JPY stalls ahead of 117.00
Forex pairs in this Article »
EUR/JPY
FXstreet.com (Córdoba) - Following an impressive rally, the euro reached its highest level in 17 months against the yen during the American session just ahead of the 117.00 mark.
The EURJPY move has been propelled by the ECB decision and Draghi's words along with the broad positive sentiment. Also, reports suggesting that the BoJ may adjust its inflation target and ease monetary policy further at its January meeting, have put the Japanese currency among the worst performers on Thursday.
EURJPY climbed over 200 pips and reached a high of 116.96 before stalling. At time of writing, EURJPY is trading at the 116.90 zone, recording a 1.8% gain on the day.
The EURJPY move has been propelled by the ECB decision and Draghi's words along with the broad positive sentiment. Also, reports suggesting that the BoJ may adjust its inflation target and ease monetary policy further at its January meeting, have put the Japanese currency among the worst performers on Thursday.
EURJPY climbed over 200 pips and reached a high of 116.96 before stalling. At time of writing, EURJPY is trading at the 116.90 zone, recording a 1.8% gain on the day.
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