JPY – Flight To Quality = Stronger Yen

As Asian bourses continued to reflect the unimpressive results in other international equity markets, the JPY was bolstered by risk adverse traders. The Yen now finds itself touching the strongest parts of its range versus the USD and as long as bourses continue to roil there stands the chance that the JPY will find takers. Gold climbed on Monday, but remains below the 1200.00 USD mark and its recent decline from its highs may get the attention of those willing to speculate.

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