MARKET PANIC: The Yen Is Just Going Ballistic

We mentioned earlier that the yen was rallying sharply, but wow, it just continues.

Basically, in the risk-off move (which seemed to be a result of the destabilizing Italian election), people are zooming back into the safe-haven yen.

Check out this move of USDJPY. The dollar is just plummeting against the yen.


Photo: FinViz

Given that a weak yen has been a big driver of a strong Japanese market, watch out when the Nikkei opens tonight. It could get really clubbed on this yen strength.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

moneygame-us yen