senior market analyst: The euro EURJPY, -0.60% weakened to ¥123.38 compared with ¥124.48 a day earlier, according to Market Watch. Today is the reversal of yesterday, with the dollar yen pair trading on risk-off mode, said Colin Cieszynski, senior market analyst at CMC Markets. On Tuesday, the dollar USDJPY, -0.29% fell to ¥112.05 compared with ¥112.88 in late trade New York on Monday. The yen has seen a lot of flow due to volatility in other assets, even though monetary policy is supposed to keep the currency weak, said Win Thin, chief emerging market currency strategist at Brown Brothers Harriman. It traded at $1.008 compared with $1.001 on Monday. Read:Dow tumbles 100 points as oil rally loses steam A flight to safety also boosted the Swiss franc CHFUSD, -0.1310% which is often seen as a haven asset.
(news.financializer.com). As
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