The Japanese yen experienced mixed results against most of its main currency rivals yesterday. The uncertainty across the Middle East and the recent atmosphere of market optimism in the economies of North America and the Pacific has created a strange mixture between increased risk appetite and regional uncertainty.

The yen has responded by weakening against most of its rivals, but strengthening against traditional safe-havens like the US dollar and Swiss franc. With no news expected out of the Japanese economy this week, the yen looks to be continuing to respond to the valuations of the other major currencies. Middle East turmoil will no doubt continue to factor into region-specific risk taking, but optimistic employment figures from the US could offset any shifts in investment portfolios in regards to risk.