EUR/JPY, USD/JPY rally to multi-decade highs while EUR/GBP drops – IG
EUR/JPY and USD/JPY have both surged to their highest levels in many years, while EUR/GBP has seen a significant drop. The rally in the EUR/JPY and USD/JPY pairs has led to multi-decade highs, indicating strong momentum in these currency pairs. On the other hand, the EUR/GBP pair has experienced a notable decline, reflecting a shift in market sentiment towards the euro and the British pound. Traders and investors are closely monitoring these developments as they navigate the foreign exchange markets.