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Forex pairs in this Article » EUR/JPY, EUR/USD (San Francisco) - Following the 1,000 pips strengthening from November lows at 1.2660 to reach 15-month highs at 1.3710 the February 1st, the EURUSD has been trading lower to price today close to the 1.3300 frontier.

Currently the EURUSD is trading at 1.3340 and indicators points bearish, but Rabobank's Senior Currency Strategist Jane Foley sees the EUR ending the year or a firmer note as they argue that the euro has a weak hand in the currency wars. "In essence this means that currency wars will continue as long as the economic environment is characterized by weak growth and low inflation."

"While there is a risk that Eurozone tensions will re-ignite in the next few months and drag the EUR lower, we expect that the EUR will end the year on a firmer note," points Foley

On a 12 month view, Raboabnk expects "EURJPY in the region of 133 and EURUSD at 1.40."
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