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Red letter days and new records for the EUR/JPY today
As mentioned here earlier this morning, the rise to a fresh 38 year record in the USD/JPY has lifted the major Yen crosses. That has delivered a new record high for the EUR/JPY. The Euro has risen to 173.88 today and it is very close to that record right now. Had there been a Euro in existence prior to implementation in 1999, then it would surely have traded higher many years ago, but prior to 1999 it was the DEM/JPY that was the major cross in Europe. That was a pair actively traded by this analyst back then and for many years beforehand too. So, the EUR/JPY closed last night at 173.48. It is trading right now at 173.85
Market News
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
