Euro Strength “Concerning”

The high relative value of the euro against the Japanese yen is causing concerns for those trading with Japan. According to an analysts report published today the euros is trading at an all-time high versus the yen and is only 2 cents away from an all-time high versus the dollar. Deutsche Bank analysts reported that the profitability of European exports to Japan “which are hardly profitable…even though Japanese pricing levels remain on the high side in a global context” are of particular concern.