March 31, 2015. JPY is the strongest. EUR is the weakest.
As No. America traders enter for the day, the JPY and the USD are the strongest. The EUR is the weakest.
After spending a day trading around the 130.00 level in the EURJPY, the pair tumbled in trading today (-0.84%). This makes that pair the weakest currency pair as NY traders enter. Falling oil prices, falling stock prices, and negative technicals are all contributing to the strength of the JPY. In Europe, Greece remains a concern. The CPI estimate came in as expected at -0.1% for March and unemployment fell to 11.3%, but it was from a revised 11.4% (was 11.2%). Not good news for the EUR.
The bond yields are leaning a little lower in trading today.
US stocks are softer in pre-US trading with Dow Futures down -71. The Nasdaq futures are down -19.2. S&P is down -10.
