Yen and Euro Skyrocketed What About Other Currencies

The last days were very turbulent for stocks, equities, and currencies. Most of them plummeted down after the pandemic fear caused panic in investors and traders. The markets ended the last session in the red. The investors hit the risk-off currencies once more.

As a result, the Japanese yen soared, hitting new highs. The currency gained 9.4% in a dozen trading days. But policymakers are concerned in Japan, because the yen’s rally may cause other economic hardships for the country. The exporters are observing the trade closely.

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