EURJPY

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Reuters - 2 hours ago

Yen rallies on hints of BOJ policy shift

FOREX-Yen rallies on hints of BOJ policy shift By Rae Wee SINGAPORE, Dec 8 (Reuters) - The yen extended its towering rally on Friday and marched toward its best week against the dollar in nearly five months, as traders ramped up expectations that the end of Japan's ultra-low interest rates was closing in. The broad strength from the yen kept a lid on the dollar, which stayed on the defensive ahead of the closely-watched U.S.

Reuters - 8 hours ago

US recap: BOJ speculation puts yen on top, EUR/USD rides slowly along

BUZZ-COMMENT-US recap: BOJ speculation puts yen on top, EUR/USD rides slowly along Dec 7 (Reuters) - The yen surged more than 2% higher against the dollar, euro and sterling after comments from BOJ Governor Kazuo Ueda ignited speculation about tighter Japanese monetary policy, dislodging hefty short yen trades amid ongoing discounting of ECB, Fed and BoE rate cuts next year.

Reuters - 11 hours ago

EUR/USD's downside influences build ahead of US jobs data

BUZZ-COMMENT-EUR/USD's downside influences build ahead of US jobs data Dec 7 (Reuters) - EUR/USD turned positive Thursday after striking a 17-session low as German-U.S. spreads US2DE2=RR tightened slightly, but downside influences are building that only upcoming U.S. jobs data might counter. Economists at Goldman Sachs now expect the ECB to cut rates by 25bps at each meeting starting April 2024. The cuts would bring the deposit rate down to 2.25%.

Reuters - 12 hours ago

FX options wrap - Highlighting crucial FX changes

BUZZ-FX options wrap - Highlighting crucial FX changes Changes in FX option market implied volatility represents changes in realised volatility and its future expectations - highlighting some crucial signals. Overnight expiry is now 10-am New York/15.00 GMT on Friday and therefore includes the U.S. jobs data, but related implied volatility gains were limited.

Reuters - 15 hours ago

EUR/JPY's latest collapse is quite a rare thing

BUZZ-COMMENT-EUR/JPY's latest collapse is quite a rare thing Dec 7 (Reuters) - EUR/JPY typically rises in December, so the latest collapse is quite rare. EUR/JPY's seasonal performance since 2000 shows it has risen in 18 of the last 23 years, or 78% of the time. But seasonality patterns should not be considered in isolation and this year factors are not supporting a EUR/JPY rise in December.

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