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

GoldenOctober2024
RBC-5,71%

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.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)