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7 Jan 2015
Rising risk aversion sends Yen higher – Kshitij Consultancy
FXStreet (Barcelona) - The Kshitij Consultancy Team believe that the recent boost to both USD and Yen signals rising risk aversion in the markets, anticipating a further rise in safe-haven currencies on a continued sell-off.
Key Quotes
“It’s very rare that we see Dollar and Yen both move up. But overnight they did giving further clues of rising risk aversion. If this sell-off deepens we could see further rise in Safe-havens currencies and drop in Risk currencies.”
“There is nothing technically to call a top on Dollar-Yen, but if risk-aversion hits markets, Yen would gain on safe-haven flows."
"The key trend decider currently is 117.50, and this must be protected to ensure any upsides in short-term."
"A break below 117.50 over medium term would target 113.5-113.85, or even 112.00.”
Key Quotes
“It’s very rare that we see Dollar and Yen both move up. But overnight they did giving further clues of rising risk aversion. If this sell-off deepens we could see further rise in Safe-havens currencies and drop in Risk currencies.”
“There is nothing technically to call a top on Dollar-Yen, but if risk-aversion hits markets, Yen would gain on safe-haven flows."
"The key trend decider currently is 117.50, and this must be protected to ensure any upsides in short-term."
"A break below 117.50 over medium term would target 113.5-113.85, or even 112.00.”