WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Yen Gains As Relative Calm Descends On Currency Markets

Posted by Chris Advincula on Jun 29, 2016 5:58:40 AM

YENPIX.6.29.2016.jpg

(Jun 29 Reuters) The yen gained on Wednesday as a sense of relative market stability helped sterling and the euro hover above their post-Brexit lows, though the battered European currencies remained hampered by longer term uncertainty.

Sterling and the euro had slid, and the safe-haven yen had surged, after Britain's decision to leave the European Union sent shockwaves around markets on Friday, and that volatility persisted into Monday. But it eased off since then in the absence of big new developments.

Sterling was up around a third of a percent at $1.3390, while the euro was 0.1 percent higher at $1.10745.

Click on the link below to see the full story from Reuters: (by Jemima Kelly)

Yen gains as relative calm descends on currency markets

USDJPY.6.29.2016.jpg 

GBPUSD.6.29.2016.jpg

 

Topics: Forex, Japanese Yen, Fundamentals, EURUSD, GBPUSD, USDJPY, USDCHF,, BREXIT

 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!