EUR/JPY: Euro Buoyed by Positive Signs of Euro Zone Recovery

The Euro is deemed to outclass the Japanese yen today as signs continue to emerge that worst of the Euro Zone crisis has passed. A business survey suggested that the economy is recovery while the European Central Bank’s balance sheet shrank to the smallest in almost a year after banks started to repay emergency loans. In contrast, Bank of Japan Governor Masaaki Shirakawa’s move to leave office earlier than expected is seen to weigh further on the Yen.

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USD/JPY: Policy Board Pushes BOJ for More Easing; Yen Rises

More expansionary wording of the bank's price outlook released at its Oct. 30 meeting was voted by two new members of the Bank of Japan's nine-member Policy Board.

AUD/JPY: CPI Data Boosts the Aussie; Yen Falls on BOJ Easing Speculations

The release of the CPI report by the Australian Bureau of Statistics showed Australia's third quarter CPI beating market expectations, reducing speculations of a rate cut by the