<p>We mentioned earlier that the <keyword id="76265" type="PERSON" weightage="60" keywordseo="yen">yen</keyword> was rallying sharply, but wow, it just continues.</p>
<p>Basically, in the risk-off move (which seemed to be a result of the destabilizing Italian election), people are zooming back into the safe-haven yen.</p>
<p>Check out this move of USDJPY. The dollar is just plummeting against the yen.</p>
<p><table class="image-container" width="200"><tr><td><div class="image"><img src="http://static1.businessinsider.com/image/512bcab16bb3f7031c000010-548-360/screen shot 2013-02-25 at 3.33.05 pm.png" border="0" alt="image" /></div><p class="source"><a href="http://finviz.com/forex_charts.ashx?t=USDJPY">FinViz</a></p></td></tr></table></p>
<p>Given that a weak yen has been a big driver of a strong Japanese market, watch out when the Nikkei opens tonight. It could get really clubbed on this yen strength.</p>

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BusinessInsider

MARKET PANIC: The Yen Is Just Going Ballistic

We mentioned earlier that the yen was rallying sharply, but wow, it just continues. Basically, in the risk-off move (which seemed to be a result of the destabilizing Italian election), people are zooming back into the safe-haven yen. Check out this move of USDJPY. The dollar is just plummeting against the yen. FinViz Given that a weak yen has been a big driver of a strong Japanese market, watch out when the Nikkei opens tonight. It could get really clubbed on this yen strength.

We mentioned earlier that the yen was rallying sharply, but wow, it just continues. Basically, in the risk-off move (which seemed to be a result of the destabilizing Italian election), people are zooming back into the safe-haven yen.

MARKET PANIC: The Yen Is Just Going Ballistic

Joe Weisenthal

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