13 Mar 2014
EUR/JPY drops further, falls below 141.00
FXStreet (Córdoba) - The EUR/JPY slide further and reached a fresh 1-week low at 140.69 and remains under pressure in the final hour of trading in Wall Street where stocks are falling sharply. The Dow Jones is down 1.50% while the NASDAQ losses 1.77%.
Risk aversion strengthened the Yen to the upside across the board and dovish comments about the ECB made by Mario Draghi weakened the Euro, pushing the EUR/JPY sharply to the downside.
From daily highs the pair has fallen more than 250 pips and is on its way toward the worst daily performance in pips since June 2013. Currently trades at 140.84, down 1.40% so far, after peaking at 143.38 just before Wall Street opening bell.
Risk aversion strengthened the Yen to the upside across the board and dovish comments about the ECB made by Mario Draghi weakened the Euro, pushing the EUR/JPY sharply to the downside.
From daily highs the pair has fallen more than 250 pips and is on its way toward the worst daily performance in pips since June 2013. Currently trades at 140.84, down 1.40% so far, after peaking at 143.38 just before Wall Street opening bell.