The Japanese yen gained on its rivals during the current trading session as the market sentiment soured, making investors shun riskier assets and prefer safer ones.
The yen, being traditionally considered a safe currency, profited from such concerns. The Australian dollar, a risk-sensitive currency, was one of the biggest losers against the yen, though Australia’s macroeconomic data also played part in the Aussie’s decline.
USD/JPY slid from 114.15 to 113.57 as of 12:42 GMT today. AUD/JPY dropped from 88.00 to 87.54.
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