The Yen has continued to make gains on some of the more volatile currencies, boosted by continued worries regarding Greece and the other Euro-zone countries currently worried about deficits. In the last 24-hours, EUR/JPY has dropped significantly, falling from 118.20 to its current level of 116.77. Similarly, GBP/JPY fell significantly throughout the day yesterday. While the pair peaked around the 139.50 level, it has since dropped to its current level of 137.90. Today, traders can expect the Yen to largely maintain its current gains, as investor appetite for risk taking will likely remain low.
Join the Discussion