Fundamental and Technical Outlook: EUR/JPY

Fundamental Outlook: EUR/JPY

During the London session, UK jobs data beat expectations, suggesting that the labour market was largely unaffected to this point by Britain’s decision to leave the EU in June. The unemployment rate held at 4.9%, unchanged from the previous period and wages continued to grow, up by 2.3%.…

Fundamental and Technical Outlook: EUR/JPY

Fundamental Outlook: EUR/JPY

During the Asia-Pacific session JPY weakened across the board following reports that the BoJ could explore delving deeper into negative interest rates, making Negative Interest Rate Policy (NIRP) the centre of future monetary easing.

The main event in today’s London session will be UK employment data.…