Commerzbank: the demand for secure assets contributed to the growth of yen

Today is the first time in four days the Japanese currency strengthened against the euro. This contributed to the decline in American stock markets, which prompted Japanese investors to wait to purchase high-yield foreign assets. According to analysts of Commerzbank, the only economically reasonable explanation of the motives of Japanese investors repatriate funds to reduce currency risk is that the Japanese Yen has always been considered the safest haven in times of crisis. The pair euro / yen at the moment is traded at 133.93 compared with 135.48 on Monday.