EUR/JPY Hits 167.62 High Before Retreating as ECB Stays Cautious
Key Points
- EUR/JPY surged to 167.62 before retreating to 167.00, reflec...
The EUR/JPY pair just pulled off the financial equivalent of touching a hot stove - it shot up to a year-to-date high of 167.62 before quickly yanking back to 167.00 on June 17th. This little dance perfectly captures what happens when two central banks are trying to figure out their next moves while the world watches with popcorn.
Germany's Mood Gets a Boost
The Euro got some serious swagger this month, thanks largely to Germany's ZEW Economic Sentiment Index jumping to 47.5 in June. For those keeping score at home, this number measures how optimistic German analysts are feeling about the...
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