Japanese Yen Losing Its “Safe Haven” Appeal?
Posted on February 24, 2009 at 01:00 AM EST
World equities: starting with another 3.4% drop in the US’s DJIA (^DJI), the UK’s FTSE (^FTSE) closing at 11/2008 lows, the German DAX (^GDAXI) at 2004 lows, the French CAC (^FCHI) at 2003 levels, and Japan’s Nikkei (^N225) just closing down nearly 1.5%… Following recent currency trends, looking at those frankly scary numbers above, a Forex ...