The Japanese yen continued to fall today, extending yesterday’s drop. The market sentiment continues to favor risky traders, making safety of the yen unneeded for investors.
The yen has dropped during the previous trading session and continued to move up today amid optimism on the Forex market. Chinese stocks rallied more than 2 percent today, and other global shares joined the parade. As a result, commodity currencies (and some other currencies as well) were on the rise, while safe assets were in decline.
USD/JPY climbed from 119.80 to 120.92 and EUR/JPY gained from 134.19 to 134.73 as of 11:57 GMT today.
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