Euro Versus Dollar and Yen November 2nd

FX Strategy Video > Currency Pairs Analysis

EUR/USD fell hard again during the Tuesday session as the market continues to express fears in the European debt markets. Italian bonds continue to rise in their yields, and as such the currency continues to find trouble. With the Greek PM now expressing the desire to put the bailout measures on a special ballot for public referendum in Greece, this currency is going to be tough to own, even if we could see a bit of a bounce from here.

EUR/JPY continues to crater, even with the Bank of Japan's recent intervention. In fact, this pair is falling faster than most now, and it appears the intervention will undoubtedly fail soon.

Published on 1st of November 2011
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