{"id":92459,"date":"2016-07-06T07:33:53","date_gmt":"2016-07-06T11:33:53","guid":{"rendered":"http:\/\/countingpips.com\/?p=92459"},"modified":"2016-07-06T07:33:53","modified_gmt":"2016-07-06T11:33:53","slug":"yen-boosted-by-safe-haven-flows-amid-risk-aversion","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/07\/yen-boosted-by-safe-haven-flows-amid-risk-aversion\/","title":{"rendered":"Yen boosted by safe haven flows amid risk aversion"},"content":{"rendered":"<div id=\"inves-100844718\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 6, 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>Risk aversion in the markets due to Brexit concerns led to a strengthening of the safe-haven yen while Sterling tumbled to a new 31-year low against the US dollar.<\/p>\n<p>USDJPY fell to a 2-week low of 101.46 yen on Tuesday due to the stronger yen but the greenback also came under pressure due to disappointing US data.<\/p>\n<p>A report showed that new orders for US factory goods fell 1.0 percent in May on weak demand for transportation and defense capital goods. New orders had previously risen two straight months.<\/p>\n<p>The British pound was one of the worst performing major currencies and tumbled to a new 31-year low of$1.3050 hit on Tuesday.<\/p>\n<p>Sterling weakened to a two-and-a-half-year low against the euro , pushing the single European currency to 85.19 pence.<\/p><div id=\"inves-2840375676\" 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 pound fell despite Bank of England Governor Mark Carley\u2019s attempt to calm market fears from Brexit fallout when he spoke on Tuesday following the BOE\u2019s release of the bi-annual financial stability report.<\/p>\n<p>Risk aversion pressured oil prices which slipped as much as 4 percent on Tuesday while US treasuries soared.<\/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 Risk aversion in the markets due to Brexit concerns led to a strengthening of the safe-haven yen while Sterling tumbled to a new 31-year low against the US dollar. USDJPY fell to a 2-week low of 101.46 yen on Tuesday due to the stronger yen but the greenback also came under pressure [&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-92459","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/92459","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=92459"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/92459\/revisions"}],"predecessor-version":[{"id":92477,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/92459\/revisions\/92477"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=92459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=92459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=92459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}