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Yen Recovers After Intraday Drop

September 27, 2016 at 16:42 by Vladimir Vyun

Japanese yen symbolThe Japanese yen fell intraday due to the surge of risk appetite but regained its strength as of now and is trading near the opening level.

Commodity currencies were rising while the yen was falling during the Tuesday’s session. The reason for that was the general consensus that Hilary Clinton won the Monday’s presidential debates with Donald Trump. That led to a rally of riskier assets as markets prefer to see Clinton as a president. Consequently, safe assets (like the yen) retreated, but the Japanese currency managed to recover later.

USD/JPY traded at 100.41 as of 16:34 GMT today after opening at 100.32 and rising to 100.98 intraday. EUR/JPY opened at 112.89, climbed to 113.56 but retreated to trade at 112.58.

If you have any questions, comments, or opinions regarding the Japanese Yen, feel free to post them using the commentary form below.

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