Comment on Euro-Yen Currency Pair

August 21, 2017

In spite of wide short-term variability in the euro’s yen cross rate, the relationship has been pretty stable over the long run. The financial crisis that began ten years ago this month occurred roughly 8-3/4 years after euro was created by merging several European currencies and putting all members of the newly formed euro area […] More

Markets Watching Sunni Insurgency in Iraq with Great Apprehension

June 16, 2014

Further violence in Iraq kept the WTI oil price near $107 per barrel, lifted gold by 0.5% to $1,280.90 per ounce, and raised the yen to 137.71 per euro, strongest since February 6.  Sterling is unchanged unbalance against the dollar but earlier surpassed $1.70 for the first time since August 2009, touching a high of […] More