EUR/JPY stops winning streak on Monday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The fact that Governor Kuroda gave a portion of his speech to outlining the negative impact of lowering rates below zero percent helped ease speculation of further cuts to the key policy rate and helped lift the yen." 
– 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%.
© Dukascopy Bank SA
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