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EUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including EUR. Investors tend to favor carry trades at times of optimism about global economic performance and stability; they shun them at times of market stress. This makes EUR/JPY sensitive to swings in broad-based market sentiment trends. The pair may likewise find volatility in news-flow related to the Eurozone debt crisis as well the extraordinary anti-deflation policy efforts from the Bank of Japan introduced in 2013.
$EURJPY with another support bounce from the 141.39 fibo level
so over the past two weeks there's both a double top and double bottom formation that's built
bigger picture, triple top
#ECB still dovish even with 8% inflation
#BoJ keeps buying more and more of the JGB market https://t.co/YPbh1Nse7W https://t.co/Nt3VGXFQ9f
$USDJPY fresh 24 year highs
strong move off of support zone. retail tried calling a top and it didn't work
Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY
$USDJPY $EURJPY $GBPJPY $AUDJPY https://t.co/zkZNRbQPRQ https://t.co/o6gAwJQOtN
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
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