January 28, 2010
Yen Rallies as Investors Shift Assets from Troubled Euro Zone
The Japanese Yen rose on Thursday as investors shifted assets out of the troubled Euro Zone on renewed budget turmoil in Greece. A spike in the cost to insure Greece’s sovereign debt
triggered a flight to safety rally which fueled a turnaround in the Yen after earlier weakness. News that a similar situation is developing in Portugal also contributed to the Yen’s strength. The
Euro fell to it lowest level against the Dollar as the news …
