The Japanese yen gained today as the demand for the Japanese currency as the safe haven increased, boosted by the speculation that the U.S. President will implement the new
According to Barak Obama‘s spokesman the President will aim at ârisky decisionsâ taken on Wall Street. The White House press secretary Robert Gibbs said: “Financial reform is something that is born out of an economic collapse that started on Wall Street and spread to Main Street America.” The fears of the possible turmoil in the banking sector caused the investor’s sentiment to lean toward a risk aversion, which may result in the higher demand for the yen.
EUR/JPY dropped to 124.30 today as of 9:33 GMT after opening at 124.76.
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