Asian Session – Yen extends gains
Posted on March 28, 2013 at 6:59 am GMTYen gained further in the Asian session on Thursday, due to safe haven demand. Helping drag the dollar-yen down was movements in share prices as Asian equity markets fell. Meanwhile year-end and quarter-end flows and investors squaring their positions on the yen are also having an effect. Focus will be on the Bank of Japan policy meeting next week and market will wait to see what easing moves the central bank will adopt. This will likely limit any further gains [..]