Home market The EUR/JPY has reached a new high for the first time in 15 years.

The EUR/JPY has reached a new high for the first time in 15 years.

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The EUR/JPY has reached a new high for the first time in 15 years.

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Today, the euro has a strong stance, and one factor contributing to this is the acquisition through EUR/JPY, as the pair surpasses its highs from the previous week to establish new 15-year highs.

The monthly graph displays strong momentum and is supported by increasing differences in interest rates. I anticipate frequent episodes of worry about the Bank of Japan giving up yield curve control, but there were no indications of any alteration at the most recent BOJ session.

Today’s gains are partly due to concerns about inflation in Europe, fueled by UK core CPI reaching 7.1% y/y, higher than the expected 6.8%. However, weakening industry and increased unemployment in Europe could counteract this trend. Nonetheless, the possibility of further energy issues during winter cannot be disregarded. The Bank of England’s decision on Thursday will have significant impacts on both the GBP and EUR.

The signal from the SNB decision on Thursday, which is expected to result in a hike from 1.50% to 1.75%, should not be disregarded.

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