On the forex market, the euro strengthened against the dollar, rising 0.29% to $ 1.1320 at around 1.30pm Italian time.
Focus on the yen, with the USD-JPY down 0.38% to JPY 115.72: the Japanese currency returns to rise on the greenback, after yesterday’s losses that led it to plummet to the low of the last five years against the US dollar, corresponding to an exchange rate of JPY 116.35.
The strong sell off on the yen, the safe haven currency par excellence together with the Swiss franc, is explained by the easing of market fears for the Omicron variant.
The yen also rallied against the euro to drop to a two-month low to JPY 131.45, below its 200-day moving average.
Currently, the EUR-JPY ratio is down 0.08% to JPY 131, confirming the (slight) comeback of the Japanese currency.
In the past few hours, the yen has tested its lowest in more than six years against the Swiss franc and its lowest in seven weeks against the Australian dollar.
Returning to the euro, the single currency rose 0.22% to GBP 0.8358 against the pound, advancing against the Swiss franc by 0.19% to CHF 1.0360.