The Japanese yen is climbing.
ADVERTISEMENT
The Japanese yen is climbing as global markets go in risk-off mode
The Japanese yen is up Wednesday while global markets are in risk-off mode.
ADVERTISEMENT
Recommended articles
The currency was up by 0.7% at 112.37 per dollar as of 7:56 a.m. ET.
Global markets are in risk-off mode, with the yen, gold, and US Treasurys rallying.
Betting on yen appreciation is popular during periods of heightened uncertainty.
ADVERTISEMENT
Treasurys, considered the safest place investors can park their money, and gold, which is a traditional "end of the world" trade, are also often bought up aggressively by investors in times of stress.
US stock futures are declining, while major indexes across Europe and Asia are in the red.
As for the rest of the world, here's the scoreboard as of 7:59 a.m. ET:
- US Dollar index
- wrote
- British pound
- data
- euro
- Russian ruble
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
From 1,500 to 52,000: The student boom reshaping UK immigration laws
Russia and China are much less sneaky than the West - DRC president
10 countries in Africa with the worst press freedom in 2024
FCMB Group sustains growth momentum, profit rises 192.6% in Q1 2024
DBNC 2024 impacts, sets the pace for entrepreneurs
Navigating success: Insights from a leading IT expert
US and French governments are lobbying Nigeria to host their military bases - report
Russian aid arrives in Niger amid growing bilateral ties