{"id":87724,"date":"2016-04-06T06:36:46","date_gmt":"2016-04-06T10:36:46","guid":{"rendered":"http:\/\/countingpips.com\/?p=87724"},"modified":"2016-04-06T06:36:46","modified_gmt":"2016-04-06T10:36:46","slug":"appetite-for-safe-haven-yen-and-gold-rise","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/04\/appetite-for-safe-haven-yen-and-gold-rise\/","title":{"rendered":"Appetite for safe haven yen and gold rise"},"content":{"rendered":"
April 6, 2016<\/div>
\r\n<\/div><\/div>

Article by ForexTime<\/a><\/p>\n

Appetite for safe assets was evident on Tuesday, as investors poured into havens such as the Japanese yen, gold and bonds (such as German and UK bonds).<\/p>\n

The yen traded at its strongest level against the dollar in more than a year. It climbed to its strongest level on Tuesday since the Bank of Japan surprised markets with an unexpected expansion to its programme of quantitative easing in October 2014. Haruhiko Kuroda, BoJ governor, repeated the possibility of additional monetary stimulus this week and has sought a weaker yen to boost inflation towards 2 per cent.<\/p>\n

German benchmark bond yields approached record lows, touching 0.08 per cent, just 3 basis points shy of the historic level reached a year ago. Gold bounced to $1,230.<\/p>\n

Share markets in Japan and Europe fell more than 2 per cent on Tuesday, while Wall Street opened lower and gold rose 1 per cent.<\/p>\n

Global growth remains a concern for investors. IT remains \u201ctoo slow, too fragile\u201d, according to International Monetary Fund managing director Christine Lagarde, speaking in Frankfurt on Tuesday. The IMF is widely expected to lower its forecasts for the global economy at meetings in Washington next week.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Adding to risk off sentiment were dovish remarks from US Federal Reserve chair Janet Yellen last week who cited weakening global inflation and poor market conditions as reasons for the US to \u201cproceed cautiously\u201d in raising interest rates.<\/p>\n

 <\/p>\n

\n

\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Article by ForexTime Appetite for safe assets was evident on Tuesday, as investors poured into havens such as the Japanese yen, gold and bonds (such as German and UK bonds). The yen traded at its strongest level against the dollar in more than a year. It climbed to its strongest level on Tuesday since the […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-87724","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=87724"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87724\/revisions"}],"predecessor-version":[{"id":87740,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/87724\/revisions\/87740"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=87724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=87724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=87724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}