YEN Buttered as Investors Look for Safer Yields
Dollar-yen soared as investors lose confidence in the currency’s safe haven properties! All the while risks around Coronavirus increase in the Asia-Pacific area (cases doubled in Japan), hence the consequent drop in Aussie and Kiwi. Will Euro become the haven of choice once dollar goes deeper into overbought territories? And will the Pound 1.2850 low hold?