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European Equities Plunged; JPY Rises as a Safe‐Haven Currency

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 9, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Asian stocks tumbled once more worrying the markets if a new global recession is near. The Japan’s index fell by 950 points its biggest intraday loss since May 2013 while the Japanese yen soared to a 14‐month high versus the U.S. dollar. The European shares have also seen significantly lower on the global concerns while the UK plans to narrow the deficit and turn to high surplus is in danger. The market hangs on Fed Yellen’s testimony on Wednesday as the traders continue to question to the

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