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Euro vs Yen, Euro Hits a Seven Month High Against Yen

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Euro Hits a Seven Month High Against YenOn last Monday the finance ministers of Euro Zone meet for the third time to hammer out a deal with an aim to release aid to Greece by the international lenders for debt repayment in time within mid of December.

While on Sunday French minster told that an agreement was closed, Angela Merkel. The German Chancellor stated about the possibilities of reaching a deal.

On trading platform Electronic Broking Services (EBS), the euro so high this is equivalent to 107.135 yen and from last April which is the strongest level.

For dollars it made a 0.2% gain which is about $1.2956, which is the highest level since last October.

Though the value of Euro is high even after that some analysts assumed that the momentum of Euro could be lost even if there is a positive decision of releasing the next tranche of aid by the international lenders to Greece.


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