JPY Falls as Nuclear Radiation Concerns Grow

News today that deadly levels of radiation were detected outside reactor buildings at Japan’s Fukushima Dai-Ichi nuclear power facility caused the yen to fall against all its major counterparts.

The yen weakened 0.4 percent to 81.68 per dollar at 3:05 p.m. in New York, from 81.34 March. The Japanese currency fell 0.5 percent to 115.14 per euro. The euro was little changed at $1.4096 after falling as much as 0.5 percent.

Source: Bloomberg

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.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

Latest posts by Alfonso Esparza (see all)