EUR/JPY tumbles amid risk-off markets
FXstreet.com (Athens): The EUR/JPY is falling apart due to Syria risk-aversion environment.
EUR/JPY collapses despite German IFO touched a 16 month high
Syria’s troubles and much weaker US housing data were enough to finally spread fears across the board. As a consequence, traders seek ‘safe-haven’ assets, with the Japanese yen being among one of these. Investors probably may not be taken aback by the demand for the safe haven currencies, as the impact of the emerging market meltdown as well as, the emerging saber-rattling out of the Middle East, have driven markets to a ‘risk-of’ mode. What’s more, while everyone knows …read more