Trader reveals why EUR/JPY above 173.50 signals ECB's next move
Key Points
- EUR/JPY remains strong above 173.50 due to a confident ECB a...
The EUR/JPY cross is sitting pretty above 173.50 like a well-behaved student who actually did their homework, while the rest of the currency world scrambles to figure out what central banks are thinking this week. This stability comes from a simple recipe: mix one confident European Central Bank with one very cautious Bank of Japan, add a dash of political uncertainty, and voilà – you get Euro strength that refuses to budge.
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