The Yen has long been a popular "carry trade" currency (where you buy a cheap currency to purchase higher yield currencies) due to its low yield. It’s a strategy that rises in popularity when the general outlook on the global economy is positive. This is a currency pair that can swing wildly based on broader sentiments about the market. With the Bank of Japan seeking to de-inflate the currency as well as the Eurozone economic crises looming, this makes the EUR/JPY an interesting pairing to watch.
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