EUR’s Teflon Capabilities

From oanda.com

Capital Markets priority focus seems to be on the past weekends Japanese election results. In the aftermath, the Yen has managed to plummet outright (given up a tad since) after the Liberal Democratic Party won a landslide victory in Sunday’s elections. Previously, a global financial meltdown, a Tsunami or even a nuclear mishap had not been able to weaken Yen significantly. This time around, the Yen bears are pinning their hopes on the strong majority win by the LDP, a win that could signal a period of aggressive easing by the BoJ. Market focus should remain mostly with Japan in the aftermath of the LDP sweeping ... (full story)