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| JPY/USD 4-hour chart, source: forexfactory.com |
The market has been in the fog due to the English referendum whether remain in European Union. The prices of major currency pairs rushed into the safety asset, U.S. Dollar. But the news of accident from Britain turned the situation. After the News, the trend of prices turned to reverse side and they meet another week in which the referendum held.
Japanese Yen is evaluated as the safety asset with U.S. Dollar. But in this case the market seems to be interested in only long or short of Greenbacks. If British decides to remain in EU, U.S. Dollar declines and Japanese Yen rises respectively. Euro and Sterling surge, when Greenback plunges.
Recent poll shows the number of remain hold a dominant position than that of leave. And England choose its future on Thursday.
http://cafe.naver.com/gjallarhorn/32
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