(eToro Blog) A bullish sentiment for the USD/JPY pair dominates on OpenBook, where the pair is currently trading at 79.98 while a similar bullish trend is being seen on the EUR/JPY pair, currently at 106.11. As markets have been primarily focused on the Greek drama, certain events have been quietly happening below investors’ radar. It [...]
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Japan Warned of Possible Downgrade
Standard and Poor’s affirmed its AA- rating for Japan, while maintaining a negative outlook for the country. The credit rating agency also warned that Japan could be downgraded if its public debt continued climbing higher or if the Japanese economy grows more slowly than expected. One of the reasons that Standard and Poor’s is [...]
OpenBook Traders Anticipated Bank of Japan’s Easing Action
(eToro Blog) Earlier today, the Bank of Japan unexpectedly intervened in the rise of the Japanese Yen, essentially pulling out all of its big guns, which sent the Japanese Yen, against all of its major crosses, lower. Though an intervention had generally been speculated about and anticipated over the past several weeks some OpenBook traders [...]
