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Why is euro dropping crazy and yen is rising crazy against the Dollar. Any idea please?

 

Why is euro dropping crazy and yen is rising crazy against the Dollar. Any idea please?

Wed, 08/09/2017 - 9:38am
 
paultrineman

Probably something to do with North Korea - regarding the yen anyway

 
Sabin

Lmao that was funny. But it could be.

 
Erik

Gold goes up because of anxiety of war, and when Gold goes up de USD goes down.
But why the YEN goes up I don't understand.

 
Sabin

@Erik Thank you sir. I didn't know that.

 
Art

EUR/USD reached a two year high in the last few weeks. It should be time for the usd to show some strength and we should see a reversal.

 
Kevin G

The Yen tends to go up when there is a risk off market, a flight to safety.

 
Erik

Yes I agree but in the past the fLight to safety was to the dollar (and Gold ofcourse), so are things changing?

 
AsleB

The reason that the yen goes up is something called "carry trades". Money is borrowed in japanese yen, exchanged into currencies like the US dollar, which is used to invest in the stock market when it is going UP. When the stock market is going DOWN, the whole thing is set in reverse, and the yen will start to strengthen against the US dollar and other currencies.

 
pipsurgeon

who cares why... find places to go with it.