EUR/JPY bid on risk-on sentiment, ECB
EUR/JPY is posting gains for the third session in a row at the end of the week, managing to keep the positive territory despite Thursday’s very volatile session in the wake of the ECB event.
In fact, the risk-on sentiment remains well in place among global investors after the ECB dialled down the recent appreciation of the single currency, while it subscribed the idea of a strong, albeit asymmetrical, recovery in the region.
In the same direction, ECB’s Vasiliauskas said earlier on Friday that the recent strong gains in the single currency are not historically exceptional, while board member Villeroy reiterated that the central bank does not target the exchange rate.


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