Mid-Day Forex Technical Report - Focus Turning to Yen on Risk Aversion |
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Action Insight Mid-Day Report Focus Turning to Yen on Risk Aversion Markets' focuses seem to be turning to the Japanese yen as risk aversion is back following European Government's actions on Fortis, Hypo Real Estate, B&B and Giltnir. US stock markets are set to open sharply lower despite the progress on TARP. Fortis bank was injected 11.2m Euro by governments of Belgium, Netherlands and Luxembourg after take over talk with BNP Paribas and ING broken down. German bank Hypo Real Estate
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