Latest forex news, Yen Continues Rally as U.S. Banking Sector Deteriorates

Yen Continues Rally as U.S. Banking Sector Deteriorates

Several reasons in Asia and speculations in the U.S. led the yen to extend its gains versus most of the 16 main traded currencies, as pessimism news often raise demand for safer assets, being the yen one of the safest options which benefit from this phenomenon.