Yen Drops On All Fronts

The Yen fell against most of its major rivals during yesterday's trading session. The Yen dropped about 50 pips against the EUR. The Yen also slid 60 pips against the British Pound. Additionally, yen values will likely be determined by the European and U.S. economic indicators set to be released throughout the day. Positive news from either Europe or the U.S., will likely cause investors to continue buying up riskier assets. This will likely cause the yen to fall once again. That being said, should the news today voice any concerns about the pace of the global economic recovery, we may see investors return to safe haven assets like the JPY.

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