Trading plan for EURJPY heading into June

Support for Greece by the ECB Encourages EUR

The yen strengthened a bit after today’s publication of macroeconomic statistics. According to data published, Japan for the first time in nearly three years has released the monthly trade balance with surplus. Exports increased by 8.5%, while imports decreased by 14.5% compared to the previous financial year. Recall, the trade balance turned negative in Japan after the earthquake,… Read more

Draghi’s Speech as Money Making Attempt

Data on industrial production in Eurozone exceeded analysts’ forecasts, but failed to provide substantial support for EURJPY. However, the pound and the euro could rise against American because of weak data on retail sales in the United States. In general, they can hardly be described as catastrophic, but it is clear that the dollar bulls exhibit nervousness… Read more

EUR loses

In anticipation of the announcement of the Federal Open Market Committee meeting results of the Fed, traders do not rush to buy the dollar, which has steadily declined against most of its rivals. FOMC, as expected, left interest rates unchanged, completed a third round of quantitative easing and retained in the accompanying statement the phrase… Read more

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