Yen rising in unison with the collapse of stock markets

Yen reached their highs for the past two weeks, after the emergence of that economic statistics in Japan had fallen short of expectations, and regulatory authorities in the United States closed the five banks. As a result, investors started to close long positions in the yen crosses from within the traditional flight from risk. The most significant Japanese currency strengthened against the Norwegian krone and the Australian dollar. The negative trend in equity markets also contributed to the denial of risk transactions. "It is clear that the currency markets following the stock indexes," - note the dealers. "When stocks are falling, people are buying yen." However, at present euro / yen was confronted with a demand of 132.80, following a breakthrough will result in the movement to the base of the cloud Ishimoku at 132.50.Soglasno average forecast in a three-month dollar / yen could reach the level of 100.75, while euro / yen - 136 .