The Japanese yen rose against its major rivals on the Forex market during Monday’s trading, driven by the risk averse sentiment of traders.
Japan released a range of economic reports today, but market analysts thought that they had little impact on moves of the yen, which was driven by the general market sentiment instead. So happens, fears of the Brexit made it beneficial to safe haven currencies. The yen rallied because of that, even outperforming other safe currencies, like the US dollar and the Swiss franc, against which it rose for the sixth consecutive trading session.
USD/JPY declined from 114.31 to 114.15 as of 13:50 GMT today, touching the low of 113.62 intraday. CHF/JPY fell from 113.07 to 112.82, trading near the lowest level since December 9.
If you have any questions, comments or opinions regarding the Japanese Yen,
feel free to post them using the commentary form below.
Be First to Comment