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The yen just went off the chart

Aug 24, 2015, 18:59 IST

The Japanese yen traditionally sees strength during times of market dislocation, and with stock markets crashing around the world, Monday's action is no different.

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Aggressive selling of USDJPY (dollar/yen) has the pair down close to 4% near 117.25, and at its lowest level since the middle of January. The selling has action down almost 7% from the June 5 high of 125.86.

This wild chart was just tweeted by Alasdair Pal of Reuters.

Reuters/Alasdair Pal

NOW WATCH: RED EVERYWHERE: It's a global market meltdown

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