- Analytics
- News and Tools
- Market News
- EUR/JPY: Second fiddle - Rabobank
EUR/JPY: Second fiddle - Rabobank
FXStreet reports that economists at Rabobank note that downtrend in EUR/JPY reasserted itself in April after a choppy period from mid-February through to the end of March.
“The USD may have stolen the crown as the safe-haven currency of choice in this crisis. However, the JPY has still outperformed the dollar in the year to date and remains particularly sensitive to risk events in Asia, such as rumours regarding the leadership in North Korea or tensions in the South China Sea.”
“We continue to see scope for EUR/JPY to edge lower towards 113.4 on a 3-month view, although the EUR/JPY 115.5 area will likely offer support.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
