Japanese Yen Gains on FX Market
Yen in forex tradingThe Japanese yen is gaining on the FX market this morning as risk aversion comes to the fore. The yen is rising against the U.S. dollar and the euro in currency trading as global equities fall and worries continue over the credit crisis. The ECB’s move, as well as the Fed’s, to pump liquidity into the market does not appear to be building the confidence expected. Bloomberg reports on the rise of the Japanese yen in forex trading on the currency market:
“There are risk aversion factors at play, trengthening the yen,'’ said Neil Jones, head of European hedge-fund sales in London at Mizuho Capital Markets.See AlsoJapanese Yen on the FX MarketForex trading on the currency market