Policy Bazookas Misfire as Euro, Yen Up Most Since at Least 2011
- Options traders are most bullish on euro-dollar since 2009
- Yen advances for a fourth day against the U.S. currency
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Currency traders are paying little attention to hints at more currency-debasing stimulus in Europe and Japan.
The euro has gained the most this week since 2011 while the yen is poised to post its biggest weekly advance in more than six years. The gains come even as European Central Bank President Mario Draghi reiterated he’s prepared to take further action to counter lackluster inflation, and Bank of Japan Governor Haruhiko Kuroda said he may cut interest rates again.