I was looking at the USD/JPY chart and saw that this pair was around 60 pips lower from top to bottom today. I thought that this could be a run for safe-havens, but then I saw that the CHF was down against the USD and Gold has lost around $4 this morning.
It is not a run for safety into the safe-havens, it is growing demand for the Japanese Yen. One of the reasons for this move is the softening of equities.
It is not a run for safety into the safe-havens, it is growing demand for the Japanese Yen. One of the reasons for this move is the softening of equities.