CHF and JPY Continue their climb as flight to safety goes on
Sterling lost further ground against the Jananese Yen and Swiss Franc yesterday following investors continuing to run to the perceived ‘safer havens’ of the JPY and CHF.
Years ago the flight to safety would have been to the Dollar and indeed gold however in the current climate and the states seemingly heading closer and closer to a double dip recession investors are now running scared from the USD and putting their funds into the CHF and JPY hence making both stronger.
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