Analysts at Rabobank continue to favour the Japanese yen against the euro in the current environment. They see EUR/JPY falling below 114.00 in a three-month horizon. Key quotes: “The JPY may have lost its safe haven crown to the USD, but the downtrend in EUR/JPY that has been in place since the start of the year is consistent with the build-up of risk aversion in the market in response to the coronavirus. In recent weeks the JPY has been sensitive to news as to how the Japanese government is dealing with the crisis. The currency sold off heavily midFebruary as the number of cases in Japan increased and, as the government took measures to reduce the spread of the illness and as cases grew outside Asia the JPY’s safe-haven appeal subsequently reasserted itself.” “We continue to favor the JPY vs. the EUR in the current climate and look for further downside in EUR/JPY in the coming months towards 113.4 on a 3 month view.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI spikes above $26 on latest OPEC chatter, returns to mid-$25 area FX Street 2 years Analysts at Rabobank continue to favour the Japanese yen against the euro in the current environment. They see EUR/JPY falling below 114.00 in a three-month horizon. Key quotes: “The JPY may have lost its safe haven crown to the USD, but the downtrend in EUR/JPY that has been in place since the start of the year is consistent with the build-up of risk aversion in the market in response to the coronavirus. In recent weeks the JPY has been sensitive to news as to how the Japanese government is dealing with the crisis. The currency sold off heavily midFebruary as… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
