Euro Up

It seems that the biggest benefactor from the recent stimulus decision by the Bank of Japan has been the euro. Traders have opted for the European single currency after officials from the Bank of Japan announced that further assets purchasing will go ahead to meet the inflation target of 2%.
The EUR/USD forex pair is higher today by 0.37% at $1.3363. The EUR/GBP cross has soared 0.25% to 84.30 pence. Traders have also bought into higher-yielding currencies such as the Aussie and kiwi today.
The pound gained versus the dollar, while the Aussie also surged versus its U.S. currency counterpart. U.S. trading was suspended yesterday. Once the U.S. market opens today, volatility is set to kick in. That is why traders are getting ready to open big positions the EUR/USD binary option.