Forex crunch eur/jpy forex news

The euro's slide has vaulted the U. The Australian dollar rose 0. Sterling also looks set to have navigated a week of British political chaos relatively well. It is down 0. The New Zealand dollar rose 0. Growing unease at the world's economic outlook has steadied a sliding Japanese yen, as investors look for safety, and it held at The dollar index against a basket of currencies fell 0.

It is holding just below a year high of The Federal Reserve's rapid interest rate increases have contributed to the strength of the dollar, but that may ease once the U. Traders are also on watch for any intervention from the Bank of Japan after the yen fell to a year low of Japan last month intervened to buy the yen for the first time since , after the Bank of Japan stuck to its policy of maintaining ultra-low interest rates, which has battered the currency this year.

Japanese authorities kept up their warnings to the market on Monday of a firm response to overly rapid yen declines, after last week's fall and meetings of global financial leaders that acknowledged currency volatility.

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