XE Market Analysis: Europe – Dec 01, 2017

The euro, and EUR-JPY in particular, has remain buoyant. EUR-USD edged out a four-day high of 1.1933, while EUR-JPY rallied to a four-month high, at 134.29. The recent run of strong data out of the Eurozone, juxtaposed to uncertainties about the U.S. tax reform bill and Fed tightening projection in 2018, have been keeping EUR-USD underpinned. The rebound in global tech stocks, meanwhile, has ben conducive for yen weakness, along with a solid close by the major U.S.