Technical Analysis

ECB’s Villeroy: Monetary policy divergence exert downward pressure on euro, yen

Well, he is not wrong in that regard but the ECB’s lack of action until July (yes, it took them that long) also didn’t help as now their window to tighten more aggressively is already closing amid rising recession risks in Europe. As for the yen and Japan, well it is the BOJ after all.

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