Mon, 31 Aug 2015 08:27:06 GMT
Yen rises versus Greenback amid higher risk aversion on markets
The recent Asian stock market rout and uncertainty in global financial markets drove more investors into the Japanese Yen, as a safe haven currency. The USD/JPY pair fell 0.41% to ¥121.19 by 07:32 AM GMT on Monday. Meanwhile, trader's attention is mainly turned to the prospects of the rate raising by the Fed, as any signs of higher volatility diminish