Japanese yen is gaining today, thanks in large part to concerns about the global economy. Worries about what’s next for the economy have some Forex traders looking for safe haven, and that is boosting the yen today.
Even though Japanese markets are closed today, the yen is heading higher on concerns about what’s next for the global economy.
Last week, Japanese leaders intervened in an effort to help keep the yen weak. However, the maneuver didn’t go off as well as expected, thanks to demand for Japanese assets from China. And, today, yen is strengthening again as a safe haven.
