Yen Surges Upward on Increase of Risk Appetite As Euro Anticipates ECB

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Investors are fleeing to safety as the Delta Covid-19 variation spreads alarmingly over the world. The Japanese yen is a typical safe-haven asset, with investors selling risky assets like the Australian dollar and buying yen instead. The Delta variation is thought to have a significant detrimental impact on world growth. This might hasten the shift away from risky assets and toward safe havens like the yen.

In Monday’s trading, the Japanese yen has made significant gains. USD/JPY is currently trading at 109.50 towards the end of the North American session, down 0.47 percent on the day. The pair had fallen as low as 109.06 earlier in the day, its lowest level since May.

The yen and the Swiss franc are dominating the markets for the day, as stock selloffs spread from Asia to Europe and the United States. With the DOW down nearly -800 points in early trading and the 10-year yield breaking the 1.2 level, risk appetite has increased. The worst-performing currency is the Canadian Dollar, as WTI crude oil falls below the 70-mark.

At the Olympic athlete’s village in Tokyo, officials certify a positive Covid-19 case (2 South African soccer players at the Olympics have tested positive for Covid-19). Furthermore, to the deteriorating Covid-19 situation, hostilities between the US and China have risen, with telecommunications and cybersecurity worries joining Hong Kong and human rights concerns. If the rhetoric between the two superpowers becomes more acrimonious, risk appetite is likely to deteriorate even further.

As Yen Surges, Euro Anticipates ECB Meeting

The ECB’s monetary policy meetings are usually quiet affairs with little market action. The meeting on Thursday will almost certainly be different, and it could be a market-moving event. The reason for this is that the ECB is likely to make significant policy changes.

The European Central Bank (ECB) delivered a strategy review earlier this week, and ECB President Christine Lagarde stated that forward guidance would be reviewed to align it with the strategy review. This suggests that some significant modifications to forward guidance may be made during the meeting.

The markets consider the ECB, as well as the Swiss and Japanese central banks, to be quite dovish. The euro is unlikely to see any big gains this week, as the ECB is expected to maintain its dovish attitude. Investors will be able to focus on some “hard” data, such as consumer confidence and eurozone PMI readings, once the ECB meeting is over.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *