Yen Gains During Quiet Monday’s Trading

The Japanese yen gained today amid quiet trading as geopolitical risks made investors stick to the safety of the currency.

Tensions between US and North Korea continued to cause concerns on markets, though without major developments in the situation speculators paid somewhat less attention to it. Political turmoil in the United States, though, was still in the focus as Trump’s chief strategist Steve Bannon quit the office. Meanwhile, last week’s terrorist attack in Barcelona, Spain, reminded that Europe is not immune to geopolitical troubles.

USD/JPY dropped from 109.34 to 108.90 as of 13:45 GMT today. EUR/JPY was down from the opening of 128.51 to 128.32, though the currency’s pair rebounded from the day’s low of 127.83.

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