The Japanese yen has fallen to a one-year low against the euro.

RBC1.39%
Jin10 data reported on July 15, the Japanese yen fell to a one-year low against the euro, due to market concerns about the fiscal impact of the Japanese parliamentary elections. RBC Capital Markets forex strategist Richard Cochinos stated in a report that the latest polls show that the ruling coalition in Japan may lose 50% of its majority seats in the upcoming Senate elections on July 20, which could lead to future tax cuts and increased fiscal stimulus, potentially harming Japan's fiscal situation. The Bank of Japan may also face political pressure to delay interest rate hikes. The euro against the yen EUR/JPY rose to a one-year high of 172.73 today.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments