Japanese Yen shunned as risk appetite improves

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The Japanese Yen is entangled in losing battle against every single G10 currency today as risk appetite improves on trade optimism and hopes of global economic stimulus.

Attraction towards the Yen is set to weaken further if the European Central Bank (ECB) satisfies market expectations by unleashing a fresh wave of monetary stimulus to boost the Eurozone economy. The USDJPY already trading at levels not seen in 5 weeks above 107.30 as of writing. In regards to the technical setup, the currency is bullish on the daily charts as there have been consistently higher highs and higher lows. A… Read More:

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