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Marbramson
06-24-2011, 11:00 PM
Yen continues to rise against the US dollar. It has receded in the last couple weeks,but remains close to the magic level of 80, and itís not hard to find bullish analysts that expect it to keep rising. They argue that Japanese investors are eschewing risky asset, and that the yen remains an attractive safe haven currency. Not to mention that volatility (akauncertainty) serves as an effective deterrent to those thinking about shorting it and/or using it as a funding currency for carry trades.



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gquady09
06-24-2011, 11:07 PM
*reported*