JPY – Risk Adverse Movement Spurs Yen

The JPY got stronger against the USD as risk adverse trading took hold of investors. Asian bourses traded significantly lower reflecting the declines of other international equity markets. The JPY and USD are clearly favorites among safe haven investors and the pair continues to move based on the gyrations of risk appetite. Gold finds itself around 1214.00 USD per ounce and it too will be an important barometer in what could be a nervous market today.

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