Sideways Movement in the EUR/USD

In a session of restrained price action in currencies, the Japanese Yen was the biggest gainer yesterday. Yen action was primarily driven by remarks from BOJ Governor Fukui. The central bank chief had earlier prompted a Yen sell-off in response to his personal investment in a scandal-hit money management firm. At the time, many analysts have expressed concern that the fall in Japanese equity prices would forestall any rate increases from the country's central bank. Read More....