The euro has remained bid, despite a report of there not being a consensus among ECB policymakers about when to begin tapering. EUR-USD logged a nine-day high at 1.2020 and EUR-JPY remaining buoyant, although below the 22-month high seen yesterday. USD-JPY, meanwhile, has settled to a consolidation after rallying quite strongly over the last week amid a risk-on backdrop in global financial markets, which the yen tends to correlate inversely to, and as markets anticipate the Fed and BoJ policy announcements, due today and tomorrow, respectively.
Recent News
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