Movers & Shakers
EURJPY
The euro (EUR) rose to the highest point against the Japanese yen (JPY) as the pair moved to a four year high above 129.50. The expansionary monetary base in Japan has brought about a quest for yield from Japanese investors looking for higher returns in European bonds. This trend is expected to continue as the Bank of Japan goes on with 1% asset purchases per month for the next two years.
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