Yen rising against the background of the flight from risk

The American dollar rose against the euro and fell against the yen in morning auction on Wednesday after the publication of unfavorable data from Japan and a new wave of flight from risk. According to dealers, comments, Minister of Finance of the United States that most American banks have sufficient capital reserves provoked the fall of the dollar. "This indicates that these stress tests, which will be published May 4, probably will surpass expectations," - analysts said RBS. Despite the overall strengthening of the dollar in the Asian session, paired with yen he had to take a defensive position, as sensitive to the risk sentiment in yen crosses are moving in unison with the stock markets. Thus, the Japanese Nikkei 225 index closed today down to 0.2%, down to 8709.63. Dollar / yen decline beginning shortly after the publication of data on the Japanese economy, which showed that in March the country's trade balance recorded a surplus of 11.0 billion yen, lower than 82.1 billion in February and by 99% below the annual ratio. The pair fell to the level of 98.75 to 98.32 against the backdrop of the strengthening of the yen in currency pairs, in particular, paired with the Euro, where the single currency fell from 127.85 to 127.13.