Asian Session: Yen Strengthens on Risk Averse Positions Ahead of G20 Meeting





G10 Advancers and Decliners vs USD
JPY -0.06
CHF -0.50
EUR -0.68
GBP -1.37
Investors began migrating funds back into safe haven assets based on growing speculation regulators will clampdown on risk taking by financial institutions. Some of the reform suggest that capital requirements will be raised causing banks to align compensation more consistently with overall risk. The repatratriation in Japanese corporate funds continues to be a key theme supporting yen…

Read More …

More on this topic (What's this?) Read more on Japanese Yen (JPY), G-20 at Wikinvest
Sign Up for JutiaGroup Underground and Receive Handpicked Stories Delivered to Your Inbox!!

Random Posts

Post a Response

  • Polls

    How Has The U.S. Recession Affected You?

    View Results

    Loading ... Loading ...
  • Improve the web with Nofollow Reciprocity.