The JPY picked up quick ground on Friday and early trading today, on the heels of the U.S. jobless report as Asian investors have exhibited again a tendency to use the Japanese currency as a safe haven vehicle. The AUD also gained on the power of a weaker USD and Gold finding an influx of backers. The JPY and AUD have both shown a tendency to get stronger as the currencies from the U.S., Europe, and the U.K. have come under scrutiny.
Written by bforex.com
