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Hieu Tran Van
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· 6
Hieu Tran Van
Yen Trades at 117 as Abe Gets Ready for Abenomics 2.0
Currencies
The euro (EUR) remains range bound between 1.2413 and 1.2485 against the US
dollar (USD). The single currency is paused ahead of the PMI services releases across the
Eurozone. Better than expected results may push the euro higher.
The US dollar (USD) continues the downside as it reaches its one month low at 117.10
against the Japanese yen (JPY). The yen advanced as Shinzo Abe is preparing for
Abenomics 2.0 in order to boost economic growth.
Equities
Japan 225 (NKI) collapsed down to its 6-week low at 16693, as the yen gains ground and
energy prices continues the decline.
According to Easy-forex.com
Currencies
The euro (EUR) remains range bound between 1.2413 and 1.2485 against the US
dollar (USD). The single currency is paused ahead of the PMI services releases across the
Eurozone. Better than expected results may push the euro higher.
The US dollar (USD) continues the downside as it reaches its one month low at 117.10
against the Japanese yen (JPY). The yen advanced as Shinzo Abe is preparing for
Abenomics 2.0 in order to boost economic growth.
Equities
Japan 225 (NKI) collapsed down to its 6-week low at 16693, as the yen gains ground and
energy prices continues the decline.
According to Easy-forex.com
· 5
