Eurozone Retail Data Could Tank EUR/JPY to 168 - Here's Why Traders Are Panicking
Key Points
- EUR/JPY is at 170.70, down from recent highs as the BoJ hint...
The EUR/JPY pair is currently sitting at 170.70, which sounds impressive until you realize it's down from recent highs and the Japanese Yen is flexing harder than a gym enthusiast in January. Two heavyweight factors are duking it out in this currency boxing match: Europe's upcoming retail sales numbers and Japan's sudden interest rate awakening.
When Japan Stops Being Polite and Starts Getting Real
The Bank of Japan has apparently decided that ultra-loose monetary policy is so last decade. After years of keeping interest rates flatter than a pancake, they're now hinting at rate hikes wit...
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