Forex - Yen hits day’s highs after Brussels explosions
Investing.com - The yen rose to the day’s highs against the dollar and the euro on Tuesday as a series of explosions in Brussels spurred increased demand for safe haven assets.
USD/JPY fell to lows of 111.39 and was last at 111.62, off 0.67% for the day.
The yen rose following reports of two explosions at the departure terminal of Brussels airport, casing several fatalities.
Another explosion occurred at a metro station, close to European Union institutions shortly afterwards. The metro system and airport have both been closed.
EUR/JPY fell to lows of 124.67, the weakest since March 10 and was last at 124.93.
The euro was also lower against the traditional safe haven Swiss franc, with EUR/CHF slipping 0.16% to 1.0886.
