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EUR/JPY, slammed; will there be war?

FXstreet.com (Chicago) – EUR/JPY extends bearish price movement as losses account for 1.24% so far. The euro has weakened across the board as heavy sell off pressures the pair downward.

Tensions flare

The Syrian conflict has remained the center of attention throughout the world as revealed by price action shortly after US Secretary of State made remarks on civilian attack last week. Most markets in Asia printed losses with the Nikkei 225 closing with 0.69% losses. In Europe, Germany released its business climate index at 107.5 vs. previous 106.2 and estimates at 107.0. The current assessment by the IFO for August …read more