FXStreet (Bali) - The Japanese Yen is being bid to the boots following headlines that Obama authorized targeted airstrikes in Iraq to protect American personnel.



The repercussions of such headlines, which only adds to the geopolitical risks due to ongoing conflicts in Ukraine and Gaza, have caused a big reaction in the market.



The Nikkei 225 in Japan has taken a big dip, falling over 3%. S&P500 futures is down over 0.5%, with the US 10-year yield touching a 14-month low at 2.38%, which represent a 5bps drop since markets closed in NY. USD/JPY is under extreme pressure, currently down almost 0.5%, while even worse performance is seen in AUD/JPY, which has fallen over 0.7% after the RBA cut its outlook on inflation and growth.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Trading Video: Dollar Rate View Cools, Risk and Aussie Dollar Look to Carry Banner

  2. Forex News

    USD/JPY: bulls compromised on commodity weakness

  3. Forex News

    EUR/USD print new lows, en-route to 1.09

  4. Forex News

    Standard and Poor’s Rating Downgrades EU Outlook Amidst Sustainability Fears

  5. Forex News

    USD/JPY finds support at 123.85; back to test

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!