Forex News: 26/03/2015 - Yen gains on safe haven bid; dollar under pressure after weak data
The yen was strong on safe haven buying during Thursday’s Asian trading, as several factors contributed towards risk aversion and away from the US dollar. Firstly, US stock indices lost significant ground during New York trading and Asian shares were also under pressure as US technology shares had retreated. Risk aversion tends to benefit the Japanese yen. Dollar / yen was pushed to a more than one-month low of 118.55.
Forex News: 26/03/2015 - Yen gains on safe haven bid; dollar under pressure after weak data
Reviewed by Imad chahir
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07:32
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Reviewed by Imad chahir
on
07:32
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