There Goes EUR/JPY — 12-Year Low

And as you can see, still no action by ECB, IMF, Japan, or anyone...Sure, Draghi and others may talk a good game, but they certainly don't back it up with actions! I have my own theory that they are just sitting back enjoying the devaluing of the euro(much like the Fed has enjoyed the weaker dollar for the past few years)!

Either that, or they are waiting for the FED to do the printing. Just look at eur/usd, longs are pretty much squeezed, we're at 2010 lows yet s&p refuses to give in and fall. The bigheads are expecting another run of the good old QE and i can't blame them, central bankers doesn't seem to have a better idea.
I guess we'll see tomorrow. I'm expecting a bad NFP reading but can't (and won't) predict the market's reaction just yet.

the lowest it has gone to was 88.87 back in Oct 2000

meanwhile ...
The "Europe" rots!

Don't argue with the markets folks. She's always right no matter what your point is.

Why would anyone mess with this? Buy EUR/CHF. Uber-tight stop. Let the SNB kill themselves over this. Profit.

This argues for a weak eurodollar rate in the periods ahead. I find that consistent with a view using a very different approach. Basically, I like to think that trends form despite the news and eco releases not because of them. They will help define the shape of the unitary candle at best but will not change the direction of the trend. In my approach a range xtremum fractal is forming in the unitary candle (announced by a maribouzo) and therefore suggesting a peaking in direction around 1.17 or slightly beyond. The current unit is forming the type of candle that precedes a reversal candle as P approaches unit oversold estimate at 1.17 Other risk appear similarly structured in terms of the setup in their individuatl volatility envelopes. Momentum is however immediate suggesting that volatility could be very high in the present month (and consistent with the mood in a climax). Beyond this however, Its the end of charted territory for the Euro (I think).

PS: The VIX continues to grow and structured debt continue to see a decline in yields - telltale signs that a different view might be too optimistic.

12 years low. Isin't that when retail forex just start it 12 years ago lol.

Fantabulous!

Agree

still euro is overvalued...

Wow....

Impressive!!!!!

Not only against EUR but it is bullish against all majors!!! WTF?

Lets look on usd/jpy i think it without intervation would be much lower then eur/jpy

Isn't Japan which got downgraded last week to BBB???? wtf is this? Market reacts as if it was the EUR which got downgraded!!!