Open trading account 
Since ECB lowered refinancing rate to near zero and deposit rate to negative, Euro has been increasingly used as a funding currency. That's a big part of the reason why GBP/JPY has became a better risk barometer than EUR/JPY in the past year or so.
After closing weekend gap, "Geppy" fell some 650 pips on Grexit fears, which at that point seemed almost inevitable, and the sell-off in Chinese stocks. On Thursday, the pair stabilized in line with improved sentiment with regard to Greece and Chinese stocks stabilization, after regulators introduced measures to stem the declines - including selling ban.
Greece submitted new proposals yesterday and the prospect of a deal is again on the table. Chinese stocks continued to rally and the pair added 350 pips from the last swing low and 450 pips from the Wednesday low just above 100 DMA.
After closing weekend gap, "Geppy" fell some 650 pips on Grexit fears, which at that point seemed almost inevitable, and the sell-off in Chinese stocks. On Thursday, the pair stabilized in line with improved sentiment with regard to Greece and Chinese stocks stabilization, after regulators introduced measures to stem the declines - including selling ban.
Greece submitted new proposals yesterday and the prospect of a deal is again on the table. Chinese stocks continued to rally and the pair added 350 pips from the last swing low and 450 pips from the Wednesday low just above 100 DMA.
