{"id":91240,"date":"2016-06-13T07:03:54","date_gmt":"2016-06-13T11:03:54","guid":{"rendered":"http:\/\/countingpips.com\/?p=91240"},"modified":"2016-06-13T07:03:54","modified_gmt":"2016-06-13T11:03:54","slug":"yen-gains-on-risk-off-environment-pound-down-on-brexit-concerns","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/yen-gains-on-risk-off-environment-pound-down-on-brexit-concerns\/","title":{"rendered":"Yen gains on risk-off environment, pound down on Brexit concerns"},"content":{"rendered":"<div id=\"inves-232033844\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 13, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The yen was broadly stronger during Monday\u2019s Asian session due to risk aversion as investors become more concerned as the referendum on the UK\u2019s membership in the EU gets closer.<\/p>\n<p>Sterling fell to the weakest level in eight weeks against the dollar, touching $1.4157, the lowest since April 18.<\/p>\n<p>The pound also weakened against the euro, pushing EURGBP to a one-month high of 79.35 pence. Meanwhile, sterling fell to a more than three-year low against the yen, with GBPJPY reaching 150.07 yen in late Asian session.<\/p>\n<p>The dollar index, a measure of the US currency against a basket of global peers, was up 0.1 per cent at 94.661 on Monday and on track for its first three-day winning streak since May 20.<\/p>\n<p>Gold, which is sensitive to US interest rate expectations, was flat at $1,273.95 an ounce in Asian trade.<\/p><div id=\"inves-2341252395\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>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><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>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><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>The yen was stronger at its best level since May 3, in spite of the stronger dollar. USDJPY fell to 105.80 in late Asian trading.<\/p>\n<p>EURUSD slipped to a low of $1.1231.<\/p>\n<p>Oil markets were weaker, with Brent crude, the global benchmark, down 0.9 per cent at $50.08 a barrel, while West Texas Intermediate, the US marker, was off 1.2 per cent at $48.48.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The yen was broadly stronger during Monday\u2019s Asian session due to risk aversion as investors become more concerned as the referendum on the UK\u2019s membership in the EU gets closer. Sterling fell to the weakest level in eight weeks against the dollar, touching $1.4157, the lowest since April 18. The pound also [&hellip;]<\/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-91240","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91240","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=91240"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91240\/revisions"}],"predecessor-version":[{"id":91256,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91240\/revisions\/91256"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=91240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=91240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=91240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}