Yen Profits from Fears of European Crisis
The Japanese yen rose today as the concern that the
The International Monetary Fund lent €26 billion euro, but said that the loan “entails important risks”. Germany’s Finance Minister Wolfgang Schaeuble stated that bondholders have to contribute a ”substantial” portion of a second bailout package for Greece. The MSCI World Index retreated 0.2 percent.
USD/JPY went to 79.82 down from 80.08 today as of 9:51 GMT after rising to 80.26. EUR/JPY dropped to 117.11 from 117.64.
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Bailout, EUR/JPY, Fiscal Crisis, Greece, IMF, Japan, MSCI, Portugal, Safe Haven, USD/JPY, Wolfgang Schaeuble, Yen
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Earlier News About the Japanese Yen:
- Yen Loses Strength on Poor GDP, Rebound of Stocks & Commodities (2011-05-19)
- Yen Gains as Demand for Safety Surges After Pakistan Bombing (2011-05-13)
- Japanese Yen Falls as Commodities & Stocks Rally (2011-05-10)
- Yen Retreats from Seven-Week High on Intervention Expectations (2011-05-06)
- Yen Jumps as bin Laden's Death Causes Demand for Safety (2011-05-03)