Idea of the Day At the present moment in time, EURJPY is where the action is proving to be. The cross, already at levels last seen 4.5 years ago, is close to break through the mid 2009 highs to stand at levels last seen in the depths of the Lehman crisis in late 2008 when the yen was dominating for save haven reasons. Although today is Thanksgiving in the US, lower volumes could still elicit some choppy price action, especially we do look to threaten the 140 level. Bigger macro players are keen to push for a weaker yen and there is a case for saying that EURJPY is the better way to avoid the “will they/won’t they” tapering debate on the dollar. Data/Event Risks EUR: Never forget that money supply remains a key pillar of ECB policy, although they have more often than not tended to turn a blind eye both to overshoots and undershoots of the 4.5% reference value. Data today is expected to show 3-mth average falling to 2.0% (from 2.2%), The lending data, showing credit to households and businesses, will be of modest interest. The euro at present though still more sensitive to ECB speakers. USD: Thanksgiving holiday today which for most also rolls over into Friday, which should make for a relatively subdued end to the week, with no US data. Latest FX News AUD: Strong capex data allowed an opening jump higher on the Aussie, but steady thereafter above 0.9100. EUR: Pushing through the 1.36 level to 1.3613 on Wednesday. There was some impetus from the formation of a coalition in Germany, but it was marginal at best. Instead, the relatively positive underlying fundamentals remain a factor, but market nerves could increase going into the ECB meeting next week. GBP: Key levels being blown away on cable on Wednesday, taking it back to levels last seen on the first trading day of the month. Further reading: USD/CAD: Trading the Canadian GDP Risk appetite rises before Thanksgiving FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next EUR/USD Nov. 28 – Slight Gains As US Markets Take Kenny Fisher 9 years Idea of the Day At the present moment in time, EURJPY is where the action is proving to be. The cross, already at levels last seen 4.5 years ago, is close to break through the mid 2009 highs to stand at levels last seen in the depths of the Lehman crisis in late 2008 when the yen was dominating for save haven reasons. Although today is Thanksgiving in the US, lower volumes could still elicit some choppy price action, especially we do look to threaten the 140 level. Bigger macro players are keen to push for a weaker yen and… 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.