JPY carry traders resume to carry EUR by investing into EUR and EUR-denominated debt securities. The carry traders will be more aggressively to invest into EUR and EUR-denominated debt security driven and motivated by the ending of the Asset Purchase Program by the ECB. At such, EURJPY is underway to 135.50 and 137.50 (EURUSD 1.1525-1.2525).
Large capital inflow from the JPY carry traders to the Eurozone economy to support the strengthening of EUR against major currencies (including USD).
Large capital inflow from the JPY carry traders to the Eurozone economy to support the strengthening of EUR against major currencies (including USD).