• USD / JPY The yen rose after the news about the earthquake in northern Japan

Market news

7 December 2012

USD / JPY The yen rose after the news about the earthquake in northern Japan

 

The USD / JPY fell from 82.40 to 82.17, as investors reacted to the Japanese earthquake of magnitude 7.4, the epicenter of which was in the coast of Miyagi prefecture north of Tokyo. For Miyagi prefecture issued an official warning about the threat of a tsunami. Traders have compared to the earthquake in March 2011, after which investors thought that the yen will be sold on the market, but in reality it was bought, and learned the lesson.


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