The Japanese yen declined today, following the three-day rally against the euro, as the Forex market calmed after the initial surge of risk aversion and safe assets started to lose their value that they have gotten with risk premium.
While geopolitical concerns are still weighing negatively on some riskier currencies, safer ones are not necessary find the same demand as at yesterday’s trading session. It looks like FX market participants digested the news and feel less panicked at present. Other safe assets, including gold, were also retreating.
USD/JPY rose from 101.18 to 101.38, and EUR/JPY advanced from 136.85 to 137.15 as of 11:51 GMT today.
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