TOKYO: On weaker Japanese data, the yen misplaced its value against the Euro as markets focused on upcoming Japan’s crack election this weekend.
Currently, the EUR/JPY pair trades at 147.12 levels, up 0.29%, compared to yesterday’s close of 146.63. The Japanese yen remains pressured against the single currency after upcoming Japanese snap elections raised expectations of higher probabilities of Prime Minister Shinzo Abe’s victory, which may bring along an easy monetary policy regime which is likely to weaken the home currency.
Meanwhile, worse-than expected fall in machine orders in Japan may also weigh on the yen.
European stock markets slide at open 25 june 2018
London:Europe's main stock markets dropped 0.7 percent in opening deals on Monday, as investors worried over the festering global trade...
