Yen Falls on Risk Appetite After US Nonfarm Payrolls


The Japanese yen fell against all other most-traded currencies today on speculations that failure to meet the inflation target will force the Bank of Japan to add monetary stimulus. The currency was also weak amid risk appetite on the Forex market. Traders were buying riskier currencies, not safer ones, after positive employment data from the United States. It was somewhat surprising behavior as better data increases chances for quantitative easing tapering and this should have detracted investors from risky assets. Yet for whatever reason traders were selling the dollar and the yen, not buying them. USD/JPY jumped from 101.78 to close at 102.86. EUR/JPY soared from 139.09 to 140.94 — the highest settlement since October 2008. If you have any questions, comments or opinions regarding the Japanese Yen, feel free to post them using the commentary form below.
Yen Falls on Risk Appetite After US Nonfarm Payrolls Yen Falls on Risk Appetite After US Nonfarm Payrolls Reviewed by Sopheap Chhin on 3:58:00 PM Rating: 5

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