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– based on investing.com
Pair's Outlook
The Euro suffers majorly against the Japanese Yen on Monday, as the currency exchange rate fell and showed no signs of stopping the fall mid-Monday. The fall occurred due to the sudden surge of the Japanese Yen against all other currencies, as the governor of the Bank of Japan made comments discrediting negative interest rates. It is advised to traders to review all previous prediction. However, the rate remains in the channel upward pattern, which was discovered on Friday evening.
Traders' Sentiment
Bullish market sentiment is at 63% (previously 68%). The share of buy orders has grown 42% to 62%.
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