Japan continues to struggle
The Japanese economy continues to struggle with a slow exit from its months’ long economic recession. With a weaker Yen being used as a strategy for spurring outside investment into the Japanese economy, traders are continuing to be bullish on combinations such as the USD/JPY as well as other pairings against the JPY. The popular move among investors has become trading up against the JPY on weekly and end of month trades.
EUR finding reasons to be bullish
The EUR has risen from its lows of less than 1.05 versus the USD and is finding reasons to continue its upward movement. With positive news from the negotiations between Greece and the European creditors starting to take shape, we can expect traders to become bullish on the outlook of the EUR. The smart money appears to be up on the EUR with Greek negotiations expected to bear some fruit sooner rather than later.