Japan Quakes Spin the Yen «

Japan Quakes Spin the Yen


The overnight massive earthquakes in Japan sent the Yen on a wild ride as news was coming out of Japan detailing the devastation there.

The USD/JPY in particular swung by over 200 pips throughout the day. The Yen tried to gain strength against most other currencies ending up mostly unchanged over the day.

It will be interesting to see how the markets react by the time they open on Sunday. There is so much uncertainty about everything happening in Japan and how things there will affect things everywhere else.

In the meantime, I would recommend caution to anyone feeling adventurous right now. There is so much going on right now, including uprisings in the middle east, mumblings about the death of the dollar, and now the devastating earth quake in Japan. It might be a good time to play it safe for a few days.

Be careful out there.

.

 

  • New ETFs From Scottrade - No Brokerage Fees

    There's no doubt that there are more exchange traded products now than ever.

    classy, black-and-white Corsair Graphite 600T case that says sci-fi, not hot rod. I want to get like eight of these things, ...
    Read More
  • 14 ETF Trading Strategies

    You may have heard of ETFs and some of you even have them in your portfolios, but not many investors are aware of the diverse ETF trading strategies these assets have to offer.

    Read More