XE Market Analysis: Europe – Dec 22, 2017

Currencies are likely to remain range bound as market participants will be non-committal into the holiday period. The yen, while steady today, has been finishing the year on a softening tack. ‘Abenomic’ policies remain in full swing, with the cabinet today approving a stimulus budget, and with the BoJ having signalled yesterday that it is in no rush to exit from crisis-mode monetary stimulus. USD-JPY has settled around the 113.25-25 mark after yesterday clocking a 10-day high of 110.63. EUR-JPY is trading 26-month high territory, and AUD-JPY in seven-week high terrain.

Source: XE news feed
XE Market Analysis: Europe – Dec 22, 2017