The Japanese yen rose as the series of explosions in Brussels led to a surge of demand for safety. So happens, the yen is one of the first choices investors usually take when they seek safe assets.
Two explosions hit the Belgian capital, one in the airport and one in the metro. More than a dozen people reported dead and more than 100 injured. There are speculations that the bombing was a suicide attack in response to the arrest of a suspected participant in November militant attacks in Paris.
USD/JPY fell from 111.95 to 111.65 as of 10:21 GMT today. EUR/JPY dropped from 125.82 to 125.08.
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