The Japanese yen is climbing.
ADVERTISEMENT
The Japanese yen is climbing as global markets go in risk-off mode
The Japanese yen is up Wednesday while global markets are in risk-off mode.
ADVERTISEMENT
The currency was up by 0.7% at 112.37 per dollar as of 7:56 a.m. ET.
Global markets are in risk-off mode, with the yen, gold, and US Treasurys rallying.
Betting on yen appreciation is popular during periods of heightened uncertainty.
ADVERTISEMENT
Treasurys, considered the safest place investors can park their money, and gold, which is a traditional "end of the world" trade, are also often bought up aggressively by investors in times of stress.
US stock futures are declining, while major indexes across Europe and Asia are in the red.
As for the rest of the world, here's the scoreboard as of 7:59 a.m. ET:
- US Dollar index
- wrote
- British pound
- data
- euro
- Russian ruble
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Trends in online casino gaming in New Zealand
10 African countries with the highest number of migrants
PHOTOS: Inside the hostel in Rwanda set to house migrants from the UK in July
10 African countries with the weakest governments
Zap unveils Africa's first non-custodial exchange
The future of healthcare on display: Day 1 of Medlab West Africa wraps up
Nigeria suspends a Chinese business over discrimination charges
10 African countries with the greatest soft power influence over the world in 2024