EUR/JPY nose dives: ECB rejects elements to Greece's Varoufakis's plan
4 February 2015, 22:56
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EUR/JPY is in supply and trading at 132.77 at the time of writing, with a high of 135.36 and a low of 132.72 scored post the Greek news that took the euro lower.
The ECB isn't seeming to accept Greece's Finance Minister Yanis Varoufakis's plan to raise cash through greek bonds and the market is back into risk off mode, concerned for the consequences of such a decision.
The cross is moving at the fastest pace for some time, and is losing ground back the start of yesterday's rally and late Jan early Feb support line. We will keep an ear to the ground as the week progresses for further news until Eurozone finance ministers meet on 11 February to discuss Greece's debt proposals.
The ECB isn't seeming to accept Greece's Finance Minister Yanis Varoufakis's plan to raise cash through greek bonds and the market is back into risk off mode, concerned for the consequences of such a decision.
The cross is moving at the fastest pace for some time, and is losing ground back the start of yesterday's rally and late Jan early Feb support line. We will keep an ear to the ground as the week progresses for further news until Eurozone finance ministers meet on 11 February to discuss Greece's debt proposals.
