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Article » EURJPY: A return to risk appetite
EURJPY: A return to risk appetite
Jul 14 2010, 11:18


The Yen declines to a three-week low vs. the Euro. Positive Q2 earnings surprises and lessening worries about European banks and sovereign debt continue to bolster risk sentiment.  Traders have moved out of the safe-haven of the Yen and back into the “may-not-be-doomed-yet” Euro. 



A trader taking advantage of the rising EURJPY could have bought 100k at 111.00 and closed the position at 113.00 for a profit of $2000.  Assuming a balance of $1000, the gain would be 200% on that trade alone.



Market Review by: www.gfcmarkets.com



 



 



 



 


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1. What is your name and position?
Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

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