Panic In The Markets Drive Up The Japanese Yen Sharply |
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The risk aversion theme is back in the financial markets. Both the US dollar and the Euro are down against the Japanese yen as carry traders buy back yen to close their carry positions. What’s causing the run-to-safety switch in sentiment are renewed fears that the world hasn’t seen the end of the credit market turmoil, making investors nervous about holding positions whereby they had sold the yen to buy high-yielding currencies like the Euro. UK’s largest lender of buy-to-let mortgages,
Filed under: Fundamental
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