JPY – Nervous Markets Equal Strong Yen

The JPY continued to prove a magnate for safe haven traders as uncertainty within the international bourses made the Japanese currency stronger. The JPY finds itself gaining momentum on unease that exists within Asian equity markets. The JPY and USD pair proved that its risk adverse stomping grounds remain intact and if traders continue to find themselves caught between a rock and a hard place, these next two days could produce more of the same.

Written by bforex.com

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