EUR IS WEAK AGAINST JYP

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The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts.  The data indicates a strong upward trend of EUR as compare to USD.  The actual figure is indicated by the ZEW release is 51 mark and forecast was around 32 whereas the previous figure was 28 proposes strong buying indication, but it also to be noted that around 90% are in favour selling Eur as compare to JYP.  The performance of EUR clearly shows deep decline against JYP in today’s trading session.   After imposing lockdown during the current pandemic by Japanese government, now the government of Japan has decided to give some relaxation and initiated to start some economic activities, thus it resulted in JYP trending in upward direction.




 The EUR/JYP is right now trading around 118.100 and is expected to trend downward in the opening session of NIKKEI and will continue till 117.000 mark.


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