The yen rose on Tuesday as risk sentiment took a hit on worries that the United States may be edging toward possible military action against the Syrian government over a suspected chemical weapons attack.
The United States put Syrian President Bashar al-Assad on notice on Monday that it believes he was responsible for using chemical weapons against civilians last week in what Secretary of State John Kerry called a “moral obscenity.”
The dollar fell 0.2 percent versus the yen to 98.27 yen, pulling away from a near three-week high of 99.15 yen set on Friday on trading platform EBS. The dollar fell to as low as 98.04 yen earlier on Tuesday.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015