EUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Euro (EUR) rallies sharply on Friday, ahead of the weekend, as the Japanese Yen (JPY) weakened following the Bank of Japan’s (BoJ) monetary policy meeting, with the BoJ resolute in keeping its dovish stance, and the Yield Curve Control (YCC).
The Canadian dollar consolidated overnight, opening in New York where it closed on Thursday.
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The Australian dollar projected through the first week of the year with an average daily range over two percent on each active trading day. After all the noise, it finished around one percent higher for the week.
In this update, analysis of the daily AUDJPY was made after the BOJ left the yield curve as is after last month’s shock adjustment. The market may have been looking for further moves last week, which might be why we observed heavy selling on the Japanese Yen.
A U.S. appeals court on Friday affirmed a decision to throw out a $308.5 million jury verdict against Apple Inc (NASDAQ:AAPL) for allegedly infringing a patent related to digital rights management.
The forex is the biggest instrument of infestation among other instruments. Therefore, the price movement will change easily.
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ASIC Regulated multi-asset broker - FPG onboards Claudio Gatta to expand its European markets
The forex change can be influenced by some factors. So, traders must know about those factors to know the strengths and weaknesses of currency in one country.
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Over the past decade, this type of trading has become increasingly popular throughout the world, especially among newcomers. To illustrate, a stock trader can only profit if the price of shares or stocks rises. Conversely, with stock CFDs, traders can also make a profit by selling shares when they predict a company's stock value is going to fall.
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Regulated broker FPG is now offering 24/7 crypto trading with leverage upto 1:100
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Following a year of slowing global economy on aggressive fiscal and monetary tightening, reimposed Covid restrictions in China and the Russia-Ukraine war, weaking growth is expected to linger into 2023. Here are some insights on FX outlook 2023 that will help shaping your perspective with insights about the global economy and the anticipated performance of major currencies.
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The week ahead – Top 5 things to watch